Advanced Macroeconomics An Easy Guide
Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is prac...
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| Main Authors: | , , |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
London, England
LSE Press
[2021]
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| Series: | Open textbook library.
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| Subjects: | |
| Online Access: | Access online version |
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Table of Contents:
- Introduction
- Part 1: Growth Theory
- Growth theory preliminaries
- The neoclassical growth model
- An application: The small open economy
- Endogenous growth models I: Escaping diminishing returns
- Endogenous growth models II: Technological change
- Proximate and fundamental causes of growth
- Part 2: Overlapping Generations Models
- Overlapping generations models
- An application: Pension systems and transitions
- Unified growth theory
- Part 3: Consumption and Investment
- Consumption
- Consumption under uncertainty and macro finance
- Investment
- Part 4: Short Term Fluctuations
- Real business cycles
- (New) Keynesian theories of fluctuations: A primer
- Unemployment
- Part 5: Monetary and Fiscal Policy
- Fiscal policy I: Public debt and the effectiveness of fiscal policy
- Fiscal policy II: The long-run determinants of fiscal policy
- Monetary policy: An introduction
- Rules vs Discretion
- Recent debates in monetary policy
- New developments in monetary and fiscal policy
- Appendix A: Very brief mathematical appendix
- Appendix B: Simulating an RBC model
- Appendix C: Simulating a DSGE model