Macroeconomic Analysis And Policy A Systematic Approach
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Macroeconomic Analysis And Policy: A Systematic Approach
This book provides a systematic approach to analyzing macroeconomic developments, focusing on macroeconomic accounts, analysis, and the effects of selected policies on a nation's economy. The first part of the book describes the data, accounts, and analysis of the four main macroeconomic sectors — real, external, fiscal, and monetary — and discusses the accounting and economic relations among these sectors, using a flow of funds approach. Key indicators are presented for each sector and used to show how macroeconomic developments can be assessed and problems identified.The second part of the book discusses fiscal, monetary, and exchange rate policy and their economic implications. These policies, along with selected structural reforms, are compared along several dimensions and shown how they can be used, in various combinations or individually, to address a variety of macroeconomic difficulties.
Applied Macroeconomics for Public Policy
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
Renewable Resources a Systematic Approach
Renewable Resources: A Systematic Approach focuses on the use of renewable resources, presenting a multifaceted perspective on its complex process. This book analyzes the social and physical impacts of renewable resource exploitation through different approaches. The importance of photosynthesis in the production of biomass is also presented, as well as the processes of substitution technology and the possibilities of systemizing the flow of energy and materials. This publication likewise covers the management of renewable resources from humid tropics and semiarid zones and components of non-renewability, which unavoidably will be more and more linked to the exploitation of renewable resources. This compilation is valuable to biologists who search for new techniques for the massive propagation of plants, as well as chemists who intend to acquire knowledge of chemical alternatives for the conversion of many sources of raw materials and energy to cellulose.