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Macroeconomic Policy: Inflation, Wealth and the Exchange Rate book cover

1st Edition

Macroeconomic Policy Inflation, Wealth and the Exchange Rate

By Martin Weale, Andrew Blake, Nicos Christodoulakis, James Meade, David Vines Copyright 1989
402 Pages
by Routledge

402 Pages
by Routledge

402 Pages
by Routledge
Also available as eBook on:
This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a... Read more

Part 1: Theory 1. A New Keynesian Framework For Macroeconomic Policy 2. The Linkages Between Financial Weapons and Financial Targets: A Comparative Static Analysis 3. The Dynamics of Price Stabilization 4. Wealth Targets, Stock Instability and Macroeconomic Policy Part 2: Application 5. A Stock-Flow Model with Model-Consistent or Adaptive Expectations 6. Macroeconomic Policy Rule for Economic Stabilization 7. Counterfactual Simulation With Forward-Looking Expectations 8. A Simulation of the Cost-Push Economy 9. The Controlled Economy with Reformed Wages Part 3: Method 10. The Drivation and Use of a Linear Model 11. The Design of Economic Policy Rules Part 4: Conclusion 12. Summary of Results and Conclusions

Biography

Martin Weale, Andrew Blake, Nicos Christodoulakis, James Meade, David Vines

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