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Macroeconomic theory: fluctuations, inflation and growth in closed and open economies

By:

Barbosa Fernando de Holanda

Material type: Text

TextSeries: Springer Texts in Business and Economics (STBE)Publication details: Springer Cham 2024Edition: 2ndDescription: xxi, 487 pISBN:

978031701764

Subject(s):

DDC classification:

339 BAR

Summary: Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy. Revised and updated, the second edition introduces a number of new topics, including the New Keynesian IS Curve, Real BusinessCycles, and the Consumption Asset Pricing Model, as well as updated end-of-chapter exercises. (https://link.springer.com/book/10.1007/978-3-031-70177-1)

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Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks		1	Available		008472

Table of contents:
Front Matter
Pages i-xxi
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Growth
Front Matter
Pages 1-1
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The Representative Agent Model
Fernando de Holanda Barbosa
Pages 3-28
The Open-Economy Representative Agent Model
Fernando de Holanda Barbosa
Pages 29-59
Overlapping Generations
Fernando de Holanda Barbosa
Pages 61-88
The Solow Model
Fernando de Holanda Barbosa
Pages 89-121
Endogenous Savings and Growth
Fernando de Holanda Barbosa
Pages 123-159
Fluctuation and Inflation
Front Matter
Pages 161-161
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Keynesian Models: The IS and LM Curves, the Taylor Rule, and the Phillips Curve
Fernando de Holanda Barbosa
Pages 163-207
Fluctuation, Inflation, and Stabilization
Fernando de Holanda Barbosa
Pages 209-256
Open Economy Macroeconomics
Fernando de Holanda Barbosa
Pages 257-288
Fluctuation, Inflation, and Stabilization in an Open Economy
Fernando de Holanda Barbosa
Pages 289-327
Monetary and Fiscal Policies
Front Matter
Pages 329-329
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Government Budget Constraint: Fiscal Policy and Pathologies
Fernando de Holanda Barbosa
Pages 331-362
Monetary Theory and Policy
Fernando de Holanda Barbosa
Pages 363-398
Back Matter
Pages 399-487
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[https://link.springer.com/book/10.1007/978-3-031-70177-1]

Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.

Revised and updated, the second edition introduces a number of new topics, including the New Keynesian IS Curve, Real BusinessCycles, and the Consumption Asset Pricing Model, as well as updated end-of-chapter exercises.

(https://link.springer.com/book/10.1007/978-3-031-70177-1)

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