ENGLISH

Macroeconomic Policy Analysis: Open Economies with Quantity Constraints

By Michael P. Amos

Book information

Year
2009
ISBN
9780521115742, 9780511571862, 0521343879, 0521115744, 0511571860, 9780521343879
LCC
HG230.3 .A47 1988
Open Library ID
OL2034785M
Language
english
Format
DJVU
Filesize
641 kB (655933 bytes)
Edition
1
Pages
82\82
Topic
Economy
DPI
600
Scanned
no
Time added
2011-06-04 13:46:07

Description

This book introduces the concept of public sector rationing in asset markets and provides a modern non-Walrasian approach to macroeconomic policy analysis. The detailed treatment of credit rationing regimes makes this work particularly relevant to economies where the interest rate is regulated. Other topics covered include the disaggregation of the government into the treasury and the central bank, the specification behavior of households, firms, and the central bank as intertemporal optimizers. The book provides models that can be easily extended to take into account both institutional and economic structures of all economies and the particular needs of the policy analysts before empirical implementation.

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