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Macroeconomic theoryfluctuations, inflation and growth in closed and open economies /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Macroeconomic theoryby Fernando de Holanda Barbosa.
Reminder of title:	fluctuations, inflation and growth in closed and open economies /
Author:	Barbosa, Fernando de Holanda.
Published:	Cham :Springer Nature Switzerland :2024.
Description:	xxi, 487 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Macroeconomics.
Online resource:	https://doi.org/10.1007/978-3-031-70177-1
ISBN:	9783031701771$q(electronic bk.)

Macroeconomic theoryfluctuations, inflation and growth in closed and open economies /
Barbosa, Fernando de Holanda.

Macroeconomic theoryfluctuations, inflation and growth in closed and open economies /[electronic resource] :by Fernando de Holanda Barbosa. - Second edition. - Cham :Springer Nature Switzerland :2024. - xxi, 487 p. :ill., digital ;24 cm. - Springer texts in business and economics,2192-4341. - Springer texts in business and economics..

INTRODUCTION. -- PART I: GROWTH. -- Chapter 1: Representative Agent Model. -- Chapter 2: Open Economy Representative Agent Model. -- Chapter 3: Overlapping Generations. -- Chapter 4: Solow Model. -- Chapter 5: Endogenous Savings and Growth. -- PART II: FLUCTUATION AND INFLATION. -- Chapter 6: Keynesian Models: IS and LM Curves, The Taylor Rule, and the Phillips Curve. -- Chapter 7: Fluctuation, Inflation and Stabilization. -- Chapter 8: Open Economy Macroeconomics. -- Chapter 9: Open Economy Fluctuation, Inflation and Stabilization. -- PART III: MONETARY AND FISCAL POLICIES. -- Chapter 10: Government Budget Constraint. -- Chapter 11: Monetary Theory and Policy. -- PART IV: MATHEMATICAL APPENDIX. -- Appendix A: Differential Equations. -- Appendix B: Optimal Control Theory. -- Appendix C: Finite Difference Equations.

Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England's nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy. Revised and updated, the second edition introduces a number of new topics, including the New Keynesian IS Curve, Real BusinessCycles, and the Consumption Asset Pricing Model, as well as updated end-of-chapter exercises.

ISBN: 9783031701771$q(electronic bk.)

Standard No.: 10.1007/978-3-031-70177-1doiSubjects--Topical Terms:

183168
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

Macroeconomic theoryfluctuations, inflation and growth in closed and open economies /
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505 0 $a INTRODUCTION. -- PART I: GROWTH. -- Chapter 1: Representative Agent Model. -- Chapter 2: Open Economy Representative Agent Model. -- Chapter 3: Overlapping Generations. -- Chapter 4: Solow Model. -- Chapter 5: Endogenous Savings and Growth. -- PART II: FLUCTUATION AND INFLATION. -- Chapter 6: Keynesian Models: IS and LM Curves, The Taylor Rule, and the Phillips Curve. -- Chapter 7: Fluctuation, Inflation and Stabilization. -- Chapter 8: Open Economy Macroeconomics. -- Chapter 9: Open Economy Fluctuation, Inflation and Stabilization. -- PART III: MONETARY AND FISCAL POLICIES. -- Chapter 10: Government Budget Constraint. -- Chapter 11: Monetary Theory and Policy. -- PART IV: MATHEMATICAL APPENDIX. -- Appendix A: Differential Equations. -- Appendix B: Optimal Control Theory. -- Appendix C: Finite Difference Equations.
520 $a Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England's nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy. Revised and updated, the second edition introduces a number of new topics, including the New Keynesian IS Curve, Real BusinessCycles, and the Consumption Asset Pricing Model, as well as updated end-of-chapter exercises.
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