New Trends in Macroeconomics

This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.

Details recent advances in Macroeconomics on a global level Provides insight into economic policy and offers a broad historical perspective Includes supplementary material: sn.pub/extras

Texte du rabat

"This volume does exactly what its title says: it acquaints with 'New Trends in Macroeconomics'. More specifically, it contains eleven chapters covering different aspects of modern macroeconomics: short-run fluctuations, long-run growth, monetary economics, international finance, macroeconometrics and complex dynamics. All chapters break new grounds in their area while at the same time remain very accessible. The book contains also an excellent mixture of new techniques, interesting applications and methodological arguments. A valuable reference for both practitioners and researchers, it will also be of great help to gradutate students seeking to bring themselves to the frontier of one of the most fascinating fields of economics."

Professor Theodore Palivos

Co-editor of the Journal of Macroeconomics

Contenu
The Propagation of Macroeconomic Shocks: A Dynamic Model with Contracts and Imperfect Competition.- Variable Elasticity of Substitution and Economic Growth: Theory and Evidence.- Financial Intermediation and Economic Growth: A Semiparametric Approach.- Bridging the Gap: Linking Economics and Econometrics.- Revenue Smoothing in an ARIMA Framework: Evidence from the United States.- What VAR Tell us about DSGE Models?.- Ex ante Real Returns in Forward Market Speculation in the Inter-War Period: Evidence and Prediction.- Testing for Fractional Cointegration: The Relationship between Government Popularity and Economic Performance in the UK.- Non-stationarity Tests in Macroeconomic Time Series.- Seasonality, Nonstationarity and the Structural Forecasting of the Index of Industrial Production.- Complex Dynamics in Macroeconomics: A Novel Approach.