1,721,638 research outputs found
A makroökonómus mint tudós és mérnök
Full text linkGregory Mankiw professzor (Harvard
Egyetem) 2006. májusában írt tanulmányában számba veszi, mivel járultak hozzá a különböző közgazdasági irányzatok
és közgazdászok a makroökonómia tudásanyagához. A makroökonómiával foglalkozó közgazdászokat két típusra osztja:
vannak, akik elemzik a makroökonómiai
összefüggéseket, elméleti modelleket alkotnak (scientist), másrészről vannak az úgynevezett mérnöki szemléletű (engineer)
közgazdászok, akik elsősorban a gazdasági problémák gyakorlati megoldásával foglalkoznak. Ez a megkülönböztetés semmilyen értékbeli rangsort nem tartalmaz
Prinnciples of Economic -5/E.
No full textPRINCIPLES OF ECONOMICS continues to be the most popular and widely used text in economics classrooms today. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmark of this highly respected author. Dozens of new applications emphasize the real-world relevance of economics for today\u27s students through interesting news articles, realistic case studies, and engaging problems. The new edition also features an expanded instructor\u27s resource package designed to assist in course planning and classroom presentation, as well as full integration of content with Aplia. "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy."--N. Gregory Mankiw
Are Tax Cuts Really Expansionary?
Full text linkIn this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and conclude that the necessary condition for contractionary tax cuts is probably satisfied for the U.S. economy.
Magie oder Wissenschaft? Die ,invisible hand‘ bei N. Gregory Mankiw und Adam Smith
No full textBeyer M. Magie oder Wissenschaft? Die ,invisible hand‘ bei N. Gregory Mankiw und Adam Smith. In: Pühringer S, Graupe S, Hirte K, Kapeller J, Panther S, eds. Jenseits der Konventionen: Alternatives Denken zu Wirtschaft, Gesellschaft und Politik Eine Festschrift für Walter O. Ötsch. Kritische Studien zu Markt und Gesellschaft. Vol 14. Weimar (Lahn): Metropolis Verlag; 2020: 371-386
Principles of Economics: An Asian Edition
Full text linkThis is the Asian adaptation of N. Gregory Mankiw s market leading textbook Principles of Economics. While maintaining all the strengths of the original book, Professor Euston Quah and Dr. Peter Wilson have provided materials and examples that are most relevant to students in Asia. The book reflects Asian economic institutions and policy, features companies that operate in the region, and includes economic data from various Asian countries.
The text provides Asian students with a solid introduction to the principles and concepts of economics. It retains a strong international focus to enable students to place the Asian experience in a global context. Written for students taking economics for the first time, the book focuses on the core concepts and how these concepts are applied to the real world. Examples and cases throughout the text show students the relevance of the theory they are learning
Price Stickiness and Inflation
Full text linkA recent model of firms’ pricing behaviour by Laurence Ball and Gregory Mankiw has novel implications for the effect of relative price shocks on inflation. This paper examines these implications and establishes the importance of expected inflation for this story. We derive the model relationship between expected inflation, the economy-wide distribution of industry price changes and actual inflation, and show that both Australian and US industry-price data strongly support this derived relationship. The inflationary impact of relative price shocks depends strongly on expected inflation. When expected inflation is high, a rise in the economy-wide dispersion of shocks is inflationary in the short-run. By contrast, when expected inflation is low, a rise in the dispersion of shocks has minimal impact on inflation. Economy-wide relative price shocks, like terms of trade shocks, are an unavoidable feature of the economic landscape. Their disruptive effect on inflation is minimal, however, when average inflation, and therefore average expected inflation, is kept low.
Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design
Full text linkThis paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of ignorance' could share risk with one another through complete Arrow-Debreu contingent-claims markets. The paper then examines how the government might implement optimal intergenerational risk sharing with a social security system. One conclusion is that the system must either hold equity claims to capital or negatively index benefits to equity returns.
This paper is part of the Sustainable Employment Initiative of The Century and Russell Sage Foundations. We are grateful for
No full textThis paper is part of the Sustainable Employment Initiative of The Century and Russell Sage Foundations. We are grateful for research assistance from Cristian de Ritis, Daniel Leigh, Kevin Moore, Yelena Takhtamanova, Robert Tchaidze, Gergana Trainor, and Huiyan Zhang. We received helpful suggestions from Martin Baily, Susanto Basu, Hasan Bakhshi, Francisco Gallego, N. Gregory Mankiw, Stephen Nickell, Robert Solow, David Weiman, and many seminar participants. I
- …
