Monetary and Fiscal Policy

✍ Scribed by Douglas Fisher (auth.)

• Publisher: Palgrave Macmillan UK
• Year: 1988
• Tongue: English
• Leaves: 319
• Edition: 1
• Category: Library

✦ Synopsis

In recent years the explosion of new material on macroeconomic theory and policy has made it increasingly difficult for either the specialist or the academic adventurer to keep up with the ebb and flow of new ideas on these topics. This book provides a comprehensive theoretical and empirical survey of macropolicy models and issues; it concentrates on the rational expectations revolution, but places this exciting new theory firmly in the context of the long-standing policy debates of the past fifty years. The survey covers the entire range of the debate from Keynes to 'credibility' and includes a chapter on monetary-fiscal growth models. There is an extensive bibliography.

✦ Table of Contents

Front Matter....Pages i-x
An Overview: Basic Policy Models without Rational Expectations....Pages 1-24
The Natural-rate Hypothesis and Other Matters....Pages 25-64
Rational Expectations I: Basic Theories....Pages 65-104
Rational Expectations II: Extensions and Empirical Tests....Pages 105-140
Monetary and Fiscal Policy in the Long Run....Pages 141-188
Keynesian and Monetarist Perspectives on the Policy Debate....Pages 189-225
Objectives, Instruments, Targets and Indicators....Pages 226-259
Back Matter....Pages 261-310

✦ Subjects

Macroeconomics/Monetary Economics//Financial Economics