Results by title
124 books match the query 'Macroeconomics' and 5 start with a
A Rational Expectations Approach to Macroeconometrics
Testing Policy Ineffectiveness and Efficient-Markets ModelsFrederic S. Mishkin
University of Chicago Press, 1983
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
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Aggressive Unilateralism
America's 301 Trade Policy and the World Trading SystemJagdish Bhagwati and Hugh T. Patrick, Editors
University of Michigan Press, 1990
United States trade policy has moved in recent years toward aggressive unilateralism. This volume provides the most comprehensive, coherent, and insightful analysis of this dramatic development. The essays collected here explain the legislative history of this policy as expressed in Section 301 and the more recent Super 301 and explore the political forces driving their adoption on Capitol Hill. The targeting of Japan, India, and Brazil by the administration using Super 301 powers is discussed, as are the reactions of those countries to this targeting. These American actions raise questions about the legality of such tariff retaliation under GATT rules and about America’s simultaneous support of multilateral talks at the Uruguay Round intended to reconstitute and revitalize the GATT.
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Allocation of Income within the Household
Edward P. Lazear and Robert T. Michael
University of Chicago Press, 1988
Allocation of Income within the Household develops an important new economic model of income distribution within the family, one that attempts to determine which family characteristics affect spending patterns. Professors Lazear and Michael base their work on an analysis of the 1972-73 Consumer Expenditure Survey and test their conclusions against the 1960-61 survey to verify the persistence of the effects discovered. They find, for example, that the average household spends $38 per child for every $100 spent per adult and that the level of relative and absolute expenditure on the child rises with the level of education of the head of the household.
Lazear and Michael also explore the implications their study may hold for the process of determining child support payments in households that dissolve. They argue that, unless the spending of every dollar can be monitored, alimony cannot be disentangled from child support. They also develop several criteria by which income might be distributed among family members, and, using one of those criteria, they present a series of tables that suggest the appropriate payment from one parent to another given family size, structure, and income level. Their model is particularly useful because it takes account of the ways other family members who were not part of the original household may contribute income to the new household. Other issues considered include the appropriate way to deal with children with special needs and the timing of transfer payments.
Lazear and Michael also explore the implications their study may hold for the process of determining child support payments in households that dissolve. They argue that, unless the spending of every dollar can be monitored, alimony cannot be disentangled from child support. They also develop several criteria by which income might be distributed among family members, and, using one of those criteria, they present a series of tables that suggest the appropriate payment from one parent to another given family size, structure, and income level. Their model is particularly useful because it takes account of the ways other family members who were not part of the original household may contribute income to the new household. Other issues considered include the appropriate way to deal with children with special needs and the timing of transfer payments.
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American Economic Growth and Standards of Living before the Civil War
Edited by Robert E. Gallman and John Joseph Wallis
University of Chicago Press, 1992
This benchmark volume addresses the debate over the effects of early industrialization on standards of living during the decades before the Civil War. Its contributors demonstrate that the aggregate antebellum economy was growing faster than any other large economy had grown before.
Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.
Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.
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Asset Accumulation and Economic Activity
Reflections on Contemporary Macroeconomic TheoryJames Tobin
University of Chicago Press, 1982
In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.
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