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Theoretical Foundations of Macroeconomic Policy "Growth, productivity and public finance"

Theoretical Foundations of Macroeconomic Policy "Growth, productivity and public finance"

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  • ISBN:9781138645844
  • Editorial: Routledge
  • Fecha de la edición:
  • Encuadernación:
  • Nº Pág.:198
  • Idiomas:Ingles,Inglés

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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.

Contents

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 policies

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