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Macroeconomics at the Service of Public Policy

ISBN: 9780199666126 | 0199666121
Format: Hardcover
Publisher: Oxford University Press, USA
Pub. Date: 4/15/2013

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SummaryTable of Contents
This book uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted. It includes contributions on the market as a bearer of risk, the European Debt crisis, and possible stagflation of the US economy.

This volume uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted. The contributions cover a wide range of issues in mac... MORE

Introduction
Part 1: Financial Crisis and Recovery
1. Is the Market System an Efficient Bearer of Risk?, Kenneth Arrow
2. The European Debt Crisis, Hans-Werner Sinn
3. The Stagnation Regime of the New Keynesian Model and Recent US Policy, George Evans
Part 2: Learning, Incentives, and Public Policy
4. Notes on Agents' Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy, George Evans, Seppo Honkapohja and Kaushik Mitra
5. Learnin... MORE


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