http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Macroeconomics at the service of public policy
1 online resource (xiii, 225 pages) : illustrations.
This text 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.
Cover -- Contents -- List of figures -- List of tables -- List of contributors -- Introduction -- Part I. Financial Crisis and Recovery -- 1. Is the market system an efficient bearer of risk? / Kenneth J. Arrow -- 2. The European debt crisis / Hans-Werner Sinn -- 3. The stagnation regime of the new Keynesian model and recent US policy / George W. Evans -- Part II. Learning, Incentives, and Public Policies -- 4. Notes on agents' behavioural rules under adaptive learning and studies of monetary policy / Seppo Honkapohja, Kaushik Mitra, and George W. Evans -- 5. Learning and model validation : An example / In-Koo Cho and Kenneth Kasa -- 6. Bayesian model averaging, learning, and model selection / George W. Evans [and others] -- 7. History-dependent public policies / David Evans and Thomas J. Sargent -- 8. Finite-horizon learning / William Branch, George W. Evans, and Bruce McGough -- 9. Regime switching, monetary policy, and multiple equilibria / Jess Benhabib -- 10. Too many dragons in the Dragons' den / Martin Ellison and Chryssi Giannitsarou -- 11. The impacts of labour taxation reform under domestic heterogenous labour markets and flexible outsourcing / Erkki Koskela -- Index.
edited by Thomas J. Sargent, Jouko Vilmunen.
Includes bibliographical references and index.