Macroeconomic Policy Analysis: Open Economies with Quantity Constraints [Hardcover]

Michael P. Amos (Author)

Book Description

Publication Date: January 27, 1989

This book introduces the concept of public sector rationing in asset markets and provides a modern non-Walrasian approach to macroeconomic policy analysis. The detailed treatment of credit rationing regimes makes this work particularly relevant to economies where the interest rate is regulated. Other topics covered include the disaggregation of the government into the treasury and the central bank, the specification behavior of households, firms, and the central bank as intertemporal optimizers. The book provides models that can be easily extended to take into account both institutional and economic structures of all economies and the particular needs of the policy analysts before empirical implementation.

Editorial Reviews

Review

"This book is a gem, and should have a large impact on the profession. I myself have been returning to an old interest of mine--incorporating financial and macroeconomic considerations into computable general equilibrium models. After an exhaustive survey of the relevant literature, I find the framework proposed in this book the most useful." Irma Adelman, University of California, Berkeley

Book Description

This book introduces the concept of public sector rationing in asset markets and provides a non-Walrasian approach to macroeconomic policy analysis. Amos provides models and understanding to relevant topics such as credit rationing regimes, disaggregation of the government, and specification behaviour of households, firms, and central banks.

Product Details

• Hardcover: 88 pages
• Publisher: Cambridge University Press (January 27, 1989)
• Language: English
• ISBN-10: 0521343879
• ISBN-13: 978-0521343879
• Product Dimensions: 8.9 x 5.9 x 0.6 inches
• Shipping Weight: 8.5 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #5,217,968 in Books (See Top 100 in Books)