A study in monetary macroeconomics:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Oxford University Press
2017
|
| Ausgabe: | First edition |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | x, 205 Seiten Diagramme |
| ISBN: | 9780198807537 |
Internformat
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| 245 | 1 | 0 | |a A study in monetary macroeconomics |c Stefan Homburg |
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Datensatz im Suchindex
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| adam_text | Titel: A study in monetary macroeconomics
Autor: Homburg, Stefan
Jahr: 2017
Contents
List of Figures and Tables.........................................................................ix
Key Symbols.............................................................................................xi
Chapter 1 Introduction...........................................................................1
Chapter 2 Framework..............................................................................7
2.1 General Structure.................................................................................7
2.2 Expectations.........................................................................................9
2.3 Central Bank......................................................................................11
2.4 Producers...........................................................................................13
2.3 Consumers.........................................................................................14
2.6 Temporary Equilibrium......................................................................16
2.7 Setup for Simulations.........................................................................17
Chapter 3 Traditional Topics.................................................................21
3.1 Basic Lessons......................................................................................21
3.1.1 Quantity Theory of Money..............................................................21
3.1.2 Fisher Effect.....................................................................................24
3.1.3 Erratic Expectations.........................................................................26
3.1.4 Superneutrality.................................................................................29
3.1.5 Forced Saving and Distributive Justice..............................................31
3.1.6 Welfare.............................................................................................33
3.2 Arguable Lessons................................................................................35
3.2.1 Endogenous Money and Interest Pegs..............................................35
3.2.2 Tobin Effect......................................................................................39
3.2.3 Money Irrelevance............................................................................40
3.2.4 Interest on Money............................................................................41
3.2.5 Digression on RE.............................................................................44
3.3 Fiscal Policy........................................................................................46
3.3.1 Superneutrality Revisited..................................................................47
3.3.2 Ricardian Equivalence......................................................................49
3.3.3 Leviathan.........................................................................................54
3.3.4 Debt Monetization...........................................................................57
3.4 Wage Rigidities..................................................................................60
3.4.1 Employment Trap............................................................................61
3.4.2 Phillips Curve...................................................................................64
3.4.3 Policy Implications...........................................................................67
3.5 Price Rigidities.................................................70
3.5.1 Liquidity Effect................................................................................73
3.5.2 Deterministic Business Cycles..........................................................75
3.5.3 The Limit Economy.........................................................................77
Chapter 4 Constrained Credit...............................................................79
4.1 Liquidity Traps...................................................................................79
4.2 Borrowing Constraint........................................................................83
4.3 Policy Implications.............................................................................87
4.4 Evaluation..........................................................................................93
4.5 Conclusion.........................................................................................97
Chapter 5 Net Worth.............................................................................99
5.1 Entrepreneurs.....................................................................................99
5.2 Corporations....................................................................................191
5.3 Stock Manias....................................................................................102
5.4 Limited Leverage..............................................................................104
5.5 Fisherian Debt-deflations.................................................................110
Chapter 6 Real Estate..........................................................................113
6.1 Empirical Overview..........................................................................113
6.2 Modeling Real Estate........................................................................116
6.3 Dynamic Inefficiency.......................................................................119
6.4 Quasi-Ricardian Equivalence............................................................122
6.5 Housing Manias...............................................................................124
6.6 A Housing Cycle..............................................................................127
Chapter 7 Commercial Banks.............................................................131
7.1 Institutional Background..................................................................132
7.2 Traditional Banking Model..............................................................134
7.3 Funds Rate Determination...............................................................135
7.4 Excess Reserves.................................................................................141
7.5 Interest on Reserves..........................................................................145
7.6 Currency and the Money Base..........................................................147
7.7 Conclusion.......................................................................................150
Chapter 8 Methods..............................................................................153
8.1 Expectations.....................................................................................153
8.2 Intertemporal Choice...................................................................155
8.3 Modeling Money.....................................................................157
8.4 Labor Supply.........................................................................161
8.5 Price Determination................................................................163
Appendices....................................................................167
A Producer Behavior.............................................................................167
B Consumer Behavior...........................................................................168
C Walras Law................................................................171
D Existence...............................................................172
E Superneutrality..................................................................................174
F Fiscal Model.....................................................................................176
G Borrowing Constraints.......................................................................177
H Net Worth.......................................................................................179
I Real Estate.................................................................181
J Commercial Banks.............................................................................184
K Matlab Sample Codes.......................................................................185
References......................................................................189
Index.............................................................................201
|
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| id | DE-604.BV044271438 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:48:21Z |
| institution | BVB |
| isbn | 9780198807537 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029676038 |
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| physical | x, 205 Seiten Diagramme |
| publishDate | 2017 |
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| spelling | Homburg, Stefan 1961- Verfasser (DE-588)115445552 aut A study in monetary macroeconomics Stefan Homburg First edition Oxford Oxford University Press 2017 x, 205 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Makroökonomie (DE-588)4037174-8 s Gleichgewichtstheorie (DE-588)4071876-1 s Theorie (DE-588)4059787-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029676038&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Homburg, Stefan 1961- A study in monetary macroeconomics Gleichgewichtstheorie (DE-588)4071876-1 gnd Theorie (DE-588)4059787-8 gnd Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4071876-1 (DE-588)4059787-8 (DE-588)4037174-8 |
| title | A study in monetary macroeconomics |
| title_auth | A study in monetary macroeconomics |
| title_exact_search | A study in monetary macroeconomics |
| title_full | A study in monetary macroeconomics Stefan Homburg |
| title_fullStr | A study in monetary macroeconomics Stefan Homburg |
| title_full_unstemmed | A study in monetary macroeconomics Stefan Homburg |
| title_short | A study in monetary macroeconomics |
| title_sort | a study in monetary macroeconomics |
| topic | Gleichgewichtstheorie (DE-588)4071876-1 gnd Theorie (DE-588)4059787-8 gnd Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Gleichgewichtstheorie Theorie Makroökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029676038&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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