Rules, Reputation and Macroeconomic Policy Coordination by David Currie (English

Description: Rules, Reputation and Macroeconomic Policy Coordination by David Currie, Paul Levine This book is concerned with the formulation of macroeconomic policy in an international context, emphasising the role of government credibility in determining the effectiveness of intervention, and the possible gains from international cooperation. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This book is concerned with the design and conduct of macroeconomic policy in an international context. It addresses the advantages and disadvantages of simple policy rules, how to formulate policy in the face of uncertainty, the possible benefits from international policy coordination and the role that credibility plays in determining the effectiveness of government intervention. These issues are brought together to produce a unique, unified approach to the subject. The book will be of interest to students and teachers of macroeconomics, and professional economists concerned with the design of policy using macroeconomic models. Table of Contents Introduction; Part I. General Issues: 1. Macroeconomic policy design and control theory - a failed partnership?; 2. International policy coordination - a survey; 3. The European road to monetary union; Part II. Theory and Methodology: 4. The design of feedback rules in linear stochastic rational expectations models; 5. Credibility and time consistency in a stochastic world; 6. Should rules be simple?; 7. Macroeconomic policy design using large econometric rational expectations models; Part III. Fiscal and monetary policy in interdependent economies: 8. Macroeconomic policy design in an interdependent world; 9. Does international macroeconomic policy coordination pay and is it sustainable?: a two-country analysis; 10. International cooperation and reputation in an empirical two-bloc model; 11. Fiscal policy coordination, inflation and reputation in a natural rate world; 12. The use of simple rules for international policy coordination; 13. Evaluating the extended target zone proposal for the G3; Bibliography; Index. Promotional This book addresses a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Promotional "Headline" This book addresses a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Description for Bookstore In this book David Currie and Paul Levine address a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Adopting neo-Keynesian models for which monetary and fiscal policy have short-term real effects, they analyse active stabilisation policies in both a single- and multi-country context. Description for Library In this book David Currie and Paul Levine address a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Adopting neo-Keynesian models for which monetary and fiscal policy have short-term real effects, they analyse active stabilisation policies in both a single- and multi-country context. Details ISBN052144196X Short Title RULES REPUTATION & MACROECONOM Pages 444 Publisher Cambridge University Press Language English ISBN-10 052144196X ISBN-13 9780521441964 Media Book Format Hardcover DEWEY 339.5 Year 1993 Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom DOI 10.1604/9780521441964 UK Release Date 1993-08-12 AU Release Date 1993-08-12 NZ Release Date 1993-08-12 Illustrations 88 Tables, unspecified; 64 Line drawings, unspecified Author Paul Levine Publication Date 1993-08-12 Alternative 9780511599170 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:91368340;

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