Macroeconomic Theory
Found 5 free book(s)
Longer-Run Economic Consequences of Pandemics
www.frbsf.orgTheory: The natural rate and economic mechanisms after a pandemic. Here our main interest is the response of the real natural rate of interest to a pandemic event. Introduced by Wicksell, and central to modern macroeconomic theory and empirics (Laubach and Williams, 2003;Wicksell, 1898;Woodford, 2003), the real natural rate of interest is the
Macroeconomic Theories of Inflation - IPEDR
www.ipedr.comKey Words- Inflation, Macroeconomic Theory I. INTRODUCTION The study of causes of inflation has probably given rise to one of the most significant macroeconomic debates in the field of economics. The debates differ in their hypotheses, mainly due to a range of conventional views about the
International Macroeconomics - Columbia
www.columbia.eduInternational Macroeconomics Schmitt-Groh´e1 Uribe2 Woodford3 This draft: April 15, 2021 [Incomplete, Chapters 13-16 missing.] 1Columbia University.E-mail: stephanie.schmittgrohe@columbia.edu.
Working Paper No. 891 - Levy Economics Institute
www.levyinstitute.orgmacroeconomic models integrating real markets with flow-of-funds analysis had been particularly successful in predicting the Great Recession of 2007–9. We introduce the general features of the SFC approach for a closed economy, showing how the core model has been extended to address issues such as financialization and income distribution.
Rising Government Debt: Causes and Solutions for a Decades ...
www0.gsb.columbia.edumacroeconomic shocks, the broad-based long-run trend in debt accumulation seems inconsistent with these theories of optimal government debt policy. I then review political economy theories of government debt. I argue that an increasingly older population, rising political polarization, and rising electoral uncer -