Macroeconomics and the wage bargain : a modern approach to employment, inflation, and the exchange rate
著者
書誌事項
Macroeconomics and the wage bargain : a modern approach to employment, inflation, and the exchange rate
Oxford University Press, 1990
- : hc
- : pbk
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注記
Bibliography: p. [470]-476
Includes index
内容説明・目次
- 巻冊次
-
: pbk ISBN 9780198772446
内容説明
This intermediate level textbook concentrates on macroeconomic analysis and is one of the first to focus on imperfectly competitive labour and product markets.
The authors present a `new Keynesian' treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis.
The book provides access both to the important applied work on unemployment, inflation, and external balances, and to the journal literature on major questions of economic policy and performance, especially in Western Europe, available to undergraduates and non-specialists for the first time.
目次
- Introduction
- Part I: Macroeconomics with Competitive Microfoundations: The classical model: market clearing and the quantity theory of money
- Keynes' model
- The neoclassical critique of Keynes and the Keynesian counterattack
- The neoclassical revival: Friedman's model
- The neoclassical revival: the new classical macroeconomics
- Part II: The NAIRU Model: Macroeconomics under Imperfect Competition: The NAIRU model
- Monetary growth rate rules and expectations hypotheses
- Fiscal policy and the NAIRU model
- Incomes policies and the NAIRU model
- The NAIRU model and productivity growth
- Part III: Macroeconomic Analysis in the Open Economy: Extending IS/LM to the open economy
- Competitiveness and external balance
- The NAIRU model in the open economy
- Exchange rate policies: devaluation, import controls
- Monetary, fiscal and incomes policies underfixed exchange rates
- More realistic assumptions about pricing and competitiveness
- The impact of a raw materials price shock
- A contrasting model: the international monetarist model
- Floating exchange rates with zero capital mobility
- Floating exchange rates and perfect capital mobility: exchange rate expectations
- Topics in open economy macroeconomics
- Part IV: Microeconomic Foundations and the Problem of Hysteresis: Price setting in imperfectly competitive product markets
- Wage setting in imperfectly competitive labour markets
- The problem of hysteresis
- 巻冊次
-
: hc ISBN 9780198772453
内容説明
This intermediate level textbook concentrates on new macroeconomic analysis and is one of the first to focus on labour markets. The book provides access both to the important applied work on unemployment, inflation and external balances and to the journal literature where the theory has been developed. It makes available for the first time for undergraduates and non-specialists, current literature on major questions of economic policy and performance, especially in Western Europe. The authors present a neo-Keynesian treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis.
目次
- Part I: Macroeconomics with Competitive Microfoundations: The classical model: market clearing and the quantity theory of money
- Keynes' model
- The neoclassical critique of Keynes and the Keynesian counterattack
- The neoclassical revival: Friedman's model
- The neoclassical revival: the new classical macroeconomics
- Part II: The NAIRU Model: Macroeconomics under Imperfect Competition: The NAIRU model
- Monetary growth rate rules and expectations hypotheses
- Fiscal policy and the NAIRU model
- Incomes policies and the NAIRU model
- The NAIRU model and productivity growth
- Part III: Macroeconomic Analysis in the Open Economy: Extending IS/LM to the open economy
- Competitiveness and external balance
- The NAIRU model in the open economy
- Exchange rate policies: devaluation, import controls
- Monetary, fiscal and incomes policies underfixed exchange rates
- More realistic assumptions about pricing and competitiveness
- The impact of a raw materials price shock
- A contrasting model: the international monetarist model
- Floating exchange rates with zero capital mobility
- Floating exchange rates and perfect capital mobility: exchange rate expectations
- Topics in open economy macroeconomics
- Part IV: Microeconomic Foundations and the Problem of Hysteresis: Price setting in imperfectly competitive product markets
- Wage setting in imperfectly competitive labour markets
- The problem of hysteresis.
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