Policy Analysis Through Macro-models

Policy Analysis Through Macro-models
Author: United Nations. Economic and Social Commission for Asia and the Pacific
Publisher: New York : United Nations
Total Pages: 356
Release: 1993
Genre: Asia
ISBN:

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A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam

A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam
Author: Allan Dizioli
Publisher: International Monetary Fund
Total Pages: 25
Release: 2015-12-23
Genre: Business & Economics
ISBN: 1513524763

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The paper develops a small New-Keynesian FPAS model for Vietnam. The model closely matches actual data from 2000-2014. We derive an optimal monetary policy rule that minimizes variability of output, inflation, and the exchange rate. Compared to the baseline model, the optimal rule places a larger weight on output stabilization as the intermediate target to achieve inflation stability, while allowing greater exchange rate flexibility. We analyze the dynamics of key macro variables under various shocks including external and domestic demand shocks and a lift-off of U.S. interest rates. We find that the optimal monetary policy rule delivers greater macroeconomic stability for Vietnam under the shock scenarios.

Macroeconomic Modelling for Policy Analysis

Macroeconomic Modelling for Policy Analysis
Author: Rossella Bardazzi
Publisher: Firenze University Press
Total Pages: 282
Release: 2013
Genre: Business & Economics
ISBN: 8866553956

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Over the last 30 years, the Inforum approach to macro modelling has been shared by economists worldwide. Researchers have focussed much of their efforts to developing a linked system of international interindustry models with a consistent methodology. A world-wide network of research associates use the same methods and software obtaining comparable results. The XXth Inforum World Conference was held in Florence in September 2012 and this book contains a selection of papers presented during that Conference. All these contributions are aimed at policymakers, stakeholders, and applied economists. Some papers are devoted to specific topics (total factor productivity, energy issues, external linkages, demographic changes) and some others are oriented to macro model building and simulations.

Macroeconomics

Macroeconomics
Author: William Scarth
Publisher: Edward Elgar Publishing
Total Pages: 337
Release: 2014-01-31
Genre: Business & Economics
ISBN: 1781953899

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øThis important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics _ New Classical and Keynesian _ and examines the work of economists who have drawn on principles from both traditions to form a new, integr

Applied Macroeconomics for Public Policy

Applied Macroeconomics for Public Policy
Author: Rafael Yanushevsky
Publisher: Academic Press
Total Pages: 254
Release: 2018-09-28
Genre: Business & Economics
ISBN: 0128156333

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Applied Macroeconomics for Public Policy applies system and control theory approaches to macroeconomic problems. The book shows how to build simple and efficient macroeconomic models for policy analysis. By using these models, instead of complex multi-criteria models with uncertain parameters, readers will gain new certainty in macroeconomic decision-making. As high debt to GDP ratios cause problems in societies, this book provides insights on improving economies during and after economic downturns. Provides a detailed analysis of existing macroeconomic models Addresses the dynamics of debt to GDP ratio and the effects of fiscal and monetary policy on this ratio Shows how to use models to evaluate the dynamics of the debt to GDP ratio in cases of government spending and tax cuts and to decide whether such economic measures are efficient Uses optimal theory to obtain optimal yearly debt levels to reach the established goals (decrease debt or balance budget) Provides many examples and software exercises to promote learning by doing

Theory and Practice in Policy Analysis

Theory and Practice in Policy Analysis
Author: M. Granger Morgan
Publisher: Cambridge University Press
Total Pages: 608
Release: 2017-10-12
Genre: Political Science
ISBN: 1316886999

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Many books instruct readers on how to use the tools of policy analysis. This book is different. Its primary focus is on helping readers to look critically at the strengths, limitations, and the underlying assumptions analysts make when they use standard tools or problem framings. Using examples, many of which involve issues in science and technology, the book exposes readers to some of the critical issues of taste, professional responsibility, ethics, and values that are associated with policy analysis and research. Topics covered include policy problems formulated in terms of utility maximization such as benefit-cost, decision, and multi-attribute analysis, issues in the valuation of intangibles, uncertainty in policy analysis, selected topics in risk analysis and communication, limitations and alternatives to the paradigm of utility maximization, issues in behavioral decision theory, issues related to organizations and multiple agents, and selected topics in policy advice and policy analysis for government.

Macroeconomic Modeling And Policy Analysis For Less Developed Countries

Macroeconomic Modeling And Policy Analysis For Less Developed Countries
Author: Mohammed F Khayum
Publisher: Routledge
Total Pages: 217
Release: 2019-03-07
Genre: Social Science
ISBN: 0429714734

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This book provides an overview of macroeconometric modeling for less developed countries, a description of the structure and performance of Guyana's economy, an empirical testing of the model using annual data for Guyana, and a simulation approach to policy evaluation.

The Oxford Handbook of Computational Economics and Finance

The Oxford Handbook of Computational Economics and Finance
Author: Shu-Heng Chen
Publisher: Oxford University Press
Total Pages: 785
Release: 2018-01-12
Genre: Business & Economics
ISBN: 0190877502

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The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Use of Macro Accounts in Policy Analysis

Use of Macro Accounts in Policy Analysis
Author: United Nations. Statistical Division
Publisher: United Nations Publications
Total Pages: 350
Release: 2002
Genre: Business & Economics
ISBN:

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This publication is based on the 1993 Standard National Accounts (SNA) system and provides guidance on the role of macro accounting as an instrument of policy analysis rather than a data set. It considers the interaction of three themes: the scope of macro accounting, the compilation of macro accounts, and scope of analysis, both in terms of indicator and modelling analysis.

Policy Analysis And Modeling Of The Global Economy: A Festschrift Celebrating Thomas Hertel

Policy Analysis And Modeling Of The Global Economy: A Festschrift Celebrating Thomas Hertel
Author: Peter Dixon
Publisher: World Scientific
Total Pages: 595
Release: 2020-12-14
Genre: Business & Economics
ISBN: 9811233640

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This volume honors the extraordinary career of Thomas Hertel. It also celebrates the 25th anniversary of the founding of the Global Trade Analysis Project (GTAP) by Prof. Hertel. All of those contributing to this volume, including Prof. Hertel's students and colleagues, have benefitted in some ways from the selfless professional generosity and dedication to scientific public goods that have been hallmarks of his career.The book examines the history of the GTAP project, the scientific contributions of Prof. Hertel, and the general application of computational modeling to global economic policy analysis. The applications in the volume, reflecting the broad contributions made by the GTAP community to global policy analysis, range from the impact of globalization on employment to the sustainability impacts of economic integration.