|
|
|||
|
||||
OverviewThe recent economic events driven by the great financial crisis of 2007-08 has challenged some ""dogma"", highlighting various limits and drawbacks of current paradigms. The crisis showed the limitations of monetary policy and led to a revaluation of what levels of public debt can be considered safe. This volume aims to refresh the debate on some important long-run macroeconomic issues from new and fresh perspectives. Theoretical Foundations of Macroeconomic Policy raises a number of questions relating to the challenges faced by macroeconomic theory and policies. The common line is the long run and policy perspective. The first part of the book is devoted to the theory of growth and productivity. The second part concentrates on long-run effects of fiscal and monetary policy. Specifically, topics investigated by the international range of authors are the theory of optimal growth, the productivity policies and production function estimations, demand- vs. supply- driven growth, optimal debt default and the incompleteness of financial markets, the long-run optimal inflation target and its relationship with public finance, the long term effects of government budget constraints on growth, and effect on optimal policies in non-market clearing environment. The book will be of interest to postgraduates, researchers, and academics studying macroeconomics and fiscal policies. Full Product DetailsAuthor: Giovanni Di Bartolomeo , Enrico SaltariPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.390kg ISBN: 9781138599314ISBN 10: 113859931 Pages: 198 Publication Date: 30 April 2018 Audience: College/higher education , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsContents Introduction Part I –Theories 1 Optimal growth theory revisited 2 Continuous-time modelling 3 Demand factors and GDP growth 4 LAMP & banks balance sheet constraints 5 Secular Stagnation Part II –Policies 6 Public finance and inflation 7 Government budget constraints 8 Productivity as an intermediate target 9 FX reserves for emerging economies 10 Labor market policiesReviewsAuthor InformationGiovanni Di Bartolomeo teaches economic policy and monetary economics at the Sapienza University of Rome, Italy. Enrico Saltari teaches economics and financial economics at the Sapienza University of Rome, Italy. Tab Content 6Author Website:Countries AvailableAll regions |