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Macroeconomic Policy Demystifying Monetary and Fiscal Policy

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ISBN-10: 1402071469

ISBN-13: 9781402071461

Edition: 2007

Authors: Farrokh K. Langdana

List price: $74.95
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Description:

Macroeconomic Policy is an applications oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. The book demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies will also find the book extremely useful. A unique feature of this book is the extensive use of specially written "newspaper" articles designed to simulate current macroeconomic news. Topics such as unemployment, soft landings, overheated economies, asset-price bubbles, liquidity traps, hyperinflations, and exchange rate meltdowns are incorporated in these articles. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed. Macroeconomic Policy is designed for a global audience. A key feature of this book is its emphasis on the role of expectations and "paradigm shifts" in implementing fiscal and monetary policies, both in developed as well as in emerging economies. This approach explains why once-successful macroeconomic models suddenly cease to be effective, and why Keynesian as well as Supply-Side models can legitimately coexist in several developed economies.
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Book details

List price: $74.95
Copyright year: 2007
Publisher: Springer
Publication date: 1/3/2007
Binding: Hardcover
Pages: 312
Size: 6.25" wide x 9.25" long x 0.75" tall
Weight: 1.430
Language: English

Foreword
About the Author
Acknowledgments
Introduction and Overview
National Income Accounts
Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity
Aggregate Demand: Setting the Stage for Demand-Side Stabilization
Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between
Long-Term Interest Rates, the Yield Curve, and Hyperinflation
ISLM: The Engine Room
The Classical Model
The Keynesian Model.
The Supply-Side Model and the New Economy.
Central Banks and Monetary Policy
References
Index