Prices and Quantities

Prices and Quantities
Title Prices and Quantities PDF eBook
Author Arthur M. Okun
Publisher Brookings Institution Press
Pages 367
Release 1981-01
Genre Business & Economics
ISBN 9780815764793

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During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation--the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.

The Brookings Model

The Brookings Model
Title The Brookings Model PDF eBook
Author Gary Fromm
Publisher
Pages 679
Release 1975
Genre Economics
ISBN 9780444106230

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Brookings Papers on Economic Activity: Fall 2019

Brookings Papers on Economic Activity: Fall 2019
Title Brookings Papers on Economic Activity: Fall 2019 PDF eBook
Author Janice Eberly
Publisher Brookings Institution Press
Pages 541
Release 2020-08-25
Genre Business & Economics
ISBN 0815738293

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Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. Notowidigdo Policies and Payoffs to Addressing America’s College Graduation Deficit Christopher Avery, Jessica Howell, Matea Pender, and Bruce Sacerdote The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron Inflation Dynamics: Dead, Dormant, or Determined Abroad? Kristen J. Forbes Macri’s Macro: The Elusive Road to Stability and Growth Federico Sturzenegger Progressive Wealth Taxation Emmanuel Saez and Gabriel Zucman

The Border Within

The Border Within
Title The Border Within PDF eBook
Author Tara Watson
Publisher University of Chicago Press
Pages 314
Release 2022-01-17
Genre History
ISBN 022627022X

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"Today the United States is home to more unauthorized immigrants than at any time in the country's history. As scrutiny around immigration has intensified, border enforcement has tightened. The result is a population of new Americans who are more entrenched than ever before. Crossing harsher, less porous borders makes entry to the US a permanent, costly enterprise. And the challenges don't end once they're here. In The Border Within, journalist Kalee Thompson and economist Tara Watson examine the costs and ends of America's immigration-enforcement complex, particularly its practices of internal enforcement: the policies and agencies, including ICE, aimed at removing unauthorized immigrants living in the US. Thompson and Watson's economic appraisal of immigration's costs and benefits is interlaid with first-person reporting of families who personify America's policies in a time of scapegoating and fear. The result is at once enlightening and devastating. Thomspon and Watson examine immigration's impact on every aspect of American life, from the labor force to social welfare programs to tax revenue. The results paint an overwhelmingly positive picture of what non-native Americans bring to the country, including immigration's tendency to elevate the wages and skills of those who are native born. Their research also finds a stark gap between the realities of America's immigrant population and the policies meant to uproot them: America's internal enforcements are grounded in shock and awe more than any reality of where and how immigrants live. The objective, it seems, is to deploy "chilling effects" -- performative displays aimed at producing upstream effects on economic behaviors and decision-making among immigrants. The ramifications of these fear-based policies extends beyond immigrants themselves; they have impacts on American citizens living in immigrant families as well as on the broader society"--

Getting Ahead

Getting Ahead
Title Getting Ahead PDF eBook
Author Daniel P. McMurrer
Publisher The Urban Insitute
Pages 120
Release 1998
Genre Business & Economics
ISBN 9780877666745

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Adapted in part from the "Opportunity in America" series of policy briefs, this volume focuses on social and economic mobility in the United States. Class or family background has a strong effect on individual success, the authors find. They examine the possible reasons for this relationship; how it has changed over the past century; and the role of the economy, the welfare system, and education in opening up opportunities for the less fortunate.

Econometric Models of Cyclical Behavior

Econometric Models of Cyclical Behavior
Title Econometric Models of Cyclical Behavior PDF eBook
Author Social Science Research Council (U.S.). Committee on Economic Stability
Publisher
Pages 624
Release 1972
Genre Business & Economics
ISBN

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Conference report on dynamically stable econometrics models of business cycles in the USA and their forecasting properties - examines methodologycal problems, analyses stochastic and non-stochastic simulations in respect of economic policy, etc., and stresses the need for further studies and research. Diagrams, references and statistical tables. Conference held in Cambridge 1969 November 14 and 15.

Global Linkages

Global Linkages
Title Global Linkages PDF eBook
Author Warwick J. McKibbin
Publisher Brookings Institution Press
Pages 0
Release 1991
Genre Business & Economics
ISBN 9780815756019

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" With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the world's largest creditor country to the world's largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin and Sachs address a range of issues involving macroeconomic imbalances in the world economy. Through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. The authors show that key macroeconomic features of the 1980s can be explained by shifts in monetary and fiscal policies in the major economies and by supply shocks due to changes in oil prices. In addition to showing how the global macroeconomic experience can be understood, they focus on a number of current policy issues, including the reduction of global trade imbalances, the consequences of U.S. fiscal consolidation, the effects of an oil price shock, the implications for the U.S. economy of increases in Japanese and German fiscal spending, the effects of targeting exchange rates among the major currencies, and the gains of increased coordination of macroeconomic politics among the major economies. In several cases, their conclusions are shown to be quite different from those that form the basis of many conventional views. The authors also analyze the importance of interaction between policymakers in industrial economies and conclude by reemphasizing the need for U.S. politicians and policy experts to recognize that macroeconomic results in the U.S. now depend heavily on events abroad. "