Macroeconomic policy in a world economy: from econometric design to practical operation

The book benefits not only from Professor Taylor's well-established international reputation as a leading expert on macroeconomic theory but also from his policy experience "inside the beltway," including two and one-half years' service as a member of the Council of Economic Advi...

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Beteilige Person: Taylor, John B. (VerfasserIn)
Format: Buch
Sprache:Deutsch
Veröffentlicht: New York [u.a.] Norton 1993
Ausgabe:1. ed.
Schlagwörter:
Links:http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006323441&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Zusammenfassung:The book benefits not only from Professor Taylor's well-established international reputation as a leading expert on macroeconomic theory but also from his policy experience "inside the beltway," including two and one-half years' service as a member of the Council of Economic Advisers where he was responsible for macroeconomic and international economic issues
The notion of a policy rule, defined as the systematic response of the policy instruments to the state of the economy, is pervasive in modern macroeconomic research. Experts like Professor Taylor regularly respond to questions about how policy affects the economy. Sometimes the questions - such as the independence of the central bank, the formation of a currency bloc, the enforcement of government budget rules - concern the fundamental design of the policy-making institutions
Abstract:In this long-awaited book, John B. Taylor sets forth an alternative to the Keynesian econometric analysis traditionally applied by macroeconomic policymakers
Umfang:XVIII, 330 S. graph. Darst.
ISBN:0393963160