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This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. It solves a variety of models in discrete time numerically, using a Microsoft Excel spreadsheet as a computer tool. The solved models include dynamic macroeconomic models with rational expectations, both non-microfounded and microfounded, constituting a novel approach that facilitates the learning and use of dynamic general equilibrium models, which have now become the principal tool for macroeconomic analysis. Spreadsheets are widely known and relatively easy to use, meaning that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students in Advanced Macroeconomics courses.
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This annual publication analyzes interesting macroeconomic events of contemporary India using macroeconomic and statistical tools. Its focus is on problems affecting economy in general; it no only addresses problems of the Indian economy, but also has a fairly broad perspective that would be applicable to the conditions in other countries. The first part of the volume deals with macroeconomic issues while the second part comprises academic research papers covering a wide range of topics such as labour, fiscal issues, banking and finance, international trade, econometrics, and computational and
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The first chapter in this book deals with an analysis of determinants of both net international investment positions and net costs of negative investment positions in transitive countries. It defines sustainable conditions that assume foreign investors will be prepared to continue to (re)finance negative investment positions in short and long-time periods. The sustainability conditions are derived from dynamics of both sources created through net export surplus and negative net yields paid from an international investment position. This chapter points out important differences between a positi
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China?s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year?s book elucidates key present macroeconomic challenges facing China?s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China?s economy. The book explores the development of human capital as the foundations of China?s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China?s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China?s economic growth, and China?s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.
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This lively introduction to heterdox economics provides a critique of the standard introductory macroeconomics curriculum from the perspective of another theoretical lens. It enables students and instructors to escape the confines that most standard textbooks impose on economic analysis, and allows them to pusue and support a broader range of ideas about the causes and appropriate policy responses to a wide range of economic concerns.
Macroeconomics --- 339 --- Economics --- Macroeconomics.
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