Macroeconomic Theory : Fluctuations, Inflation and Growth in Closed and Open Economies / by Fernando de Holanda Barbosa.
Barbosa, Fernando de Holanda, author.
2018
HB172.5
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Title Macroeconomic Theory : Fluctuations, Inflation and Growth in Closed and Open Economies / by Fernando de Holanda Barbosa.
Author Barbosa, Fernando de Holanda, author.
ISBN 9783319921327 (electronic book)
3319921320 (electronic book)
3319921312
9783319921310
DOI https://doi.org/10.1007/978-3-319-92132-7
Published Cham : Springer International Publishing : Imprint : Springer, 2018.
Language English
Description 1 online resource (xxiv, 435 pages) : illustrations.
Other Standard Identifiers 10.1007/978-3-319-92132-7 doi
Call Number HB172.5
Dewey Decimal Classification 339
Summary 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.
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Available in Other Form Print version: : 9783319921310
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Introduction
Part I: Models with Flexible Prices
Chapter 1: Representative Agent Model
Chapter 2: Open Economy Representative Model
Chapter 3: Overlapping Generations
Chapter 4: Solow Growth Model
Chapter 5: Economic Growth: Endogenous Savings and Growth
Part II: Models with Sticky Prices
Chapter 6: Keynesian Models: IS and LM Curves, Taylor Rule and Phillips Curve
Chapter 7: Fluctuation and Stabilization
Chapter 8: Open Economy Macroeconomics
Chapter 9: Open Economy Fluctuation and Stabilization
Part III: Models of 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.

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