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Estimating How the Macroeconomy Works [Hardcover] Fair, Ray C.
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Aproximadamente28,00 EUR
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“May be missing dust cover or have heavy wear. Listing image may be stock photo.”
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Libro con un desgaste evidente. La tapa puede tener algunos desperfectos, pero el libro está entero. La encuadernación puede estar ligeramente deteriorada, pero mantiene su integridad. Es posible que tenga anotaciones en los márgenes, texto subrayado o resaltado, pero conserva todas las páginas y no tiene ningún desperfecto que dificulte su lectura o comprensión. Consulta el anuncio del vendedor para obtener más información y la descripción de cualquier posible imperfección.
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Ubicado en: American Fork, Utah, Estados Unidos
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N.º de artículo de eBay:195531931462
Última actualización el 18 may 2025 00:27:23 H.EspVer todas las actualizacionesVer todas las actualizaciones
Características del artículo
- Estado
- Aceptable
- Notas del vendedor
- “May be missing dust cover or have heavy wear. Listing image may be stock photo.”
- EAN
- 9780674015463
- Book Title
- N/A
- ISBN
- 9780674015463
Acerca de este producto
Product Identifiers
Publisher
Harvard University Press
ISBN-10
0674015460
ISBN-13
9780674015463
eBay Product ID (ePID)
30511558
Product Key Features
Number of Pages
314 Pages
Language
English
Publication Name
Estimating How the Macroeconomy Works
Publication Year
2004
Subject
Economics / Macroeconomics, Economics / Theory, Money & Monetary Policy
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Height
0.1 in
Item Weight
20 Oz
Item Length
1 in
Item Width
0.7 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2004-047522
Dewey Edition
22
Reviews
The Fair model stands out as carefully articulated, carefully estimated, and a precious reference for those of us who like to know how the consumption function, or the investment function looks like in the data.
Illustrated
Yes
Dewey Decimal
339
Synopsis
Using a multicountry econometric model, Fair examines several key issues, including the causes of inflation, how monetary authorities behave, how large is the wealth effect on aggregate consumption, whether European monetary policy has been too restrictive, and the stabilization costs to Europe of adopting the euro., Macroeconomics tries to describe and explain the economywide movement of prices, output, and unemployment. The field has been sharply divided among various schools, including Keynesian, monetarist, new classical, and others. It has also been split between theorists and empiricists. Ray Fair is a resolute empiricist, developing and refining methods for testing theories and models. The field cannot advance without the discipline of testing how well the models approximate the data. Using a multicountry econometric model, he examines several important questions, including what causes inflation, how monetary authorities behave and what are their stabilization limits, how large is the wealth effect on aggregate consumption, whether European monetary policy has been too restrictive, and how large are the stabilization costs to Europe of adopting the euro. He finds, among other things, little evidence for the rational expectations hypothesis and for the so-called non-accelerating inflation rate of unemployment (NAIRU) hypothesis. He also shows that the U.S. economy in the last half of the 1990s was not a "new age" economy.
LC Classification Number
HB172.5.F345 2004
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