Thoth distribution@thoth.pub 20260825T153049

urn:uuid:87ba80cb-eebd-4576-a8c4-a82a1b5bf19a 03 01 01 urn:uuid:87ba80cb-eebd-4576-a8c4-a82a1b5bf19a 15 9781909890695 06 10.31389/lsepress.ame 00 EB E107 10 Creative Commons License 02 https://creativecommons.org/licenses/by-nc/4.0/ 01 01 Advanced Macroeconomics An Easy Guide 1 A01 Filipe Campante 2 A01 Federico Sturzenegger 3 A01 21 0000-0003-0441-5062 Andrés Velasco First edition. 01 eng 00 418 03 10 BUS039000 B2 Economic Policy 12 K B2 Economic Theory 12 KCA B2 Economics 12 KCB B2 Economics B2 Macroeconomics 01 06 03 00 <p>Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. </p><p>This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. </p><p>Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.</p> 04 00 1. Introduction 2. Growth theory preliminaries 3. The neoclassical growth model 4. An application: The small open economy 5. Endogenous growth models I: Escaping diminishing returns 6. Endogenous growth models II: Technological change 7. Proximate and fundamental causes of growth 8. Overlapping generations models 9. An application: Pension systems and transitions 10. Unified growth theory 11. Consumption 12. Consumption under uncertainty and macro finance 13. Investment 14. Real business cycles 15. (New) Keynesian theories of fluctuations: A primer 16. Unemployment 17. Fiscal policy I: Public debt and the effectiveness of fiscal policy 18. Fiscal policy II: The long-run determinants of fiscal policy 19. Monetary policy: An introduction 20. Rules vs Discretion 21. Recent debates in monetary policy 22. New developments in monetary and fiscal policy 23. Appendix A: Very brief mathematical appendix 24. Appendix B: Simulating an RBC model 25. Appendix C: Simulating a DSGE model 20 00 Open Access LSE Press 01 LSE Press London 04 01 20211011 2021 06 15 9781909890688 06 15 9781909890695 06 15 9781909890701 06 15 9781909890718 09 LSE Press 02 Publisher's website: web shop https://press.lse.ac.uk/books/m/10.31389/lsepress.ame 99 01 09 LSE Press 29 Publisher's website: download the title https://books.press.lse.ac.uk/10.31389/lsepress.ame.pdf 99 01