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The Goals of Macroeconomic Policy
Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.
Money in the Macroeconomy
Focuses on the role of money in the macroeconomy and on monetary policy as an instrument for controlling inflation and unemployment. Emphasizes three important macrovariables: the rate of inflation, the interest rate, and output/income.
The Goals of Macroeconomic Policy
Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.
Working in the Macro Economy
Labour economics have received less attention in macroeconomics despite the fact that involuntary unemployment is a pressing policy issue. Here the imbalance is redressed by focusing on labour-demand and labour-supply relationships.
Economic Events, Ideas, and Policies
In November 1999 the Brookings Institution and Yale University jointly sponsored a conference to reconsider the national economic policies of the 1960s and the theories that influenced them, in light of subsequent events in the economy and of developments in economic theory and research. This volume contains the papers and comments of the participants. The 1960s were years of difficult challenges to U.S. policymakers and of important initiatives to meet them. The economic doldrums at the start of the decade gave way to strong expansion and prosperity, which, however, ended with excessive inflation. The decade that followed was the most turbulent of the postwar period, with global shock waves...
The Kennedy-Johnson Tax Cut
Prachowny (economics, Queen's U., Kingston, Canada) challenges the position that the 1964 Kennedy-Johnson tax cut was an exemplary application of Keynesian stabilization policy, exposing the haphazard planning, simplistic economic theorizing, irreconcilable numerical projections, and partisan political influences on the Council of Economic Advisers. Emphasis is placed on the decisions, advice, and actions of the three Chairmen of the Council during the 1960s (Heller, Ackley, and Okun), based on their memoranda and confidential reports. Of likely interest to macroeconomists, as well as scholars and students interested in economic history and policy. Annotation copyrighted by Book News, Inc., Portland, OR
Small Open Economies
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International Organizations
Drawing on mainstream and critical theoretical approaches, International Organizations offers a comprehensive examination of international organizations’ political and structural role in world politics. This text details the types and activities of international organizations and provides students with the conceptual tools needed to evaluate their effectiveness. Surveying key issue areas from international and human security to trade and the environment, International Organizations looks at present and future possibilities for global governance from a broad range of perspectives. New to the Fifth Edition The nexus between international law and international organizations is explored to sho...
