Macroeconomics and the Wage Bargain

A Modern Approach to Employment, Inflation, and the Exchange Rate

Häftad, Engelska, 1990

1 639 kr

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This intermediate level textbook concentrates on macroeconomic analysis and is one of the first to focus on imperfectly competitive labour and product markets.The authors present a `new Keynesian' treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis.The book provides access both to the important applied work on unemployment, inflation, and external balances, and to the journal literature on major questions of economic policy and performance, especially in Western Europe, available to undergraduates and non-specialists for the first time.

Produktinformation

Utgivningsdatum1990-10-04
Mått156 x 234 x 28 mm
Vikt740 g
FormatHäftad
SpråkEngelska
Antal sidor494
FörlagOUP OXFORD
ISBN9780198772446

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Makroekonomi inom Ekonomi och Ledarskap
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Introduction; Part I: Macroeconomics with Competitive Microfoundations: The classical model: market clearing and the quantity theory of money; Keynes' model; The neoclassical critique of Keynes and the Keynesian counterattack; The neoclassical revival: Friedman's model; The neoclassical revival: the new classical macroeconomics; Part II: The NAIRU Model: Macroeconomics under Imperfect Competition: The NAIRU model; Monetary growth rate rules and expectations hypotheses; Fiscal policy and the NAIRU model; Incomes policies and the NAIRU model; The NAIRU model and productivity growth; Part III: Macroeconomic Analysis in the Open Economy: Extending IS/LM to the open economy; Competitiveness and external balance; The NAIRU model in the open economy; Exchange rate policies: devaluation, import controls; Monetary, fiscal and incomes policies underfixed exchange rates; More realistic assumptions about pricing and competitiveness; The impact of a raw materials price shock; A contrasting model: the international monetarist model; Floating exchange rates with zero capital mobility; Floating exchange rates and perfect capital mobility: exchange rate expectations; Topics in open economy macroeconomics; Part IV: Microeconomic Foundations and the Problem of Hysteresis: Price setting in imperfectly competitive product markets; Wage setting in imperfectly competitive labour markets; The problem of hysteresis

Mer från samma författare

Macroeconomics

Wendy Carlin, David Soskice, University College London) Carlin, Wendy (Professor of Economics, Duke University and Wissenschaftszentrum Berlin and Centennial Professor at the LSE.) Soskice, David (Research Professor of Political Science, Carlin, CARLIN

Häftad

1 479 kr