Macro economics / (Record no. 374)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 15059nam a22002297a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20200218093440.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 200205b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9780393615333 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | KCST |
| 041 ## - LANGUAGE CODE | |
| Language code of original | eng |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 339 |
| Item number | Jo Ma |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Jones, Charles I |
| 9 (RLIN) | 1257 |
| 245 ## - TITLE STATEMENT | |
| Title | Macro economics / |
| Statement of responsibility, etc. | Charles I. Jones, Stanford University, Graduate School of Business. |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 4th edition. Int. student ed. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | New York, NY : |
| Name of publisher, distributor, etc. | W. W. Norton & Company, Inc., |
| Date of publication, distribution, etc. | 2018. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | xxiii, 616 pages ; |
| Other physical details | 27 cm |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Machine generated contents note: 1.Introduction to Macroeconomics --<br/>1.1.What Is Macroeconomics? --<br/>1.2.How Macroeconomics Studies Key Questions --<br/>1.3.An Overview of the Book --<br/>The Long Run --<br/>The Short Run --<br/>Issues for the Future --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>2.Measuring the Macroeconomy --<br/>2.1.Introduction --<br/>2.2.Measuring the State of the Economy --<br/>Production = Expenditure = Income --<br/>The Expenditure Approach to GDP --<br/>The Income Approach to GDP --<br/>The Production Approach to GDP --<br/>What Is Included in GDP and What's Not? --<br/>2.3.Measuring Changes over Time --<br/>A Simple Example: Where Real GDP Doesn't Change --<br/>A Second Example: Where Real GDP Changes --<br/>Quantity Indexes: Laspeyres, Paasche, and Chain Weighting --<br/>Price Indexes and Inflation --<br/>Using Chain-Weighted Data --<br/>2.4.Comparing Economic Performance across Countries --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise Note continued: 3.An Overview of Long-Run Economic Growth --<br/>3.1.Introduction --<br/>3.2.Growth over the Very Long Run --<br/>3.3.Modern Economic Growth --<br/>The Definition of Economic Growth --<br/>A Population Growth Example --<br/>The Rule of 70 and the Ratio Scale --<br/>U.S. GDP on a Ratio Scale --<br/>Calculating Growth Rates --<br/>3.4.Modern Growth around the World --<br/>A Broad Sample of Countries --<br/>3.5.Some Useful Properties of Growth Rates --<br/>3.6.The Costs of Economic Growth --<br/>3.7.A Long-Run Roadmap --<br/>3.8.Additional Resources --<br/>Summary --<br/>Growth Rules --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>4.A Model of Production --<br/>4.1.Introduction --<br/>4.2.A Model of Production --<br/>Setting Up the Model --<br/>Allocating Resources --<br/>Solving the Model: General Equilibrium --<br/>Interpreting the Solution --<br/>4.3.Analyzing the Production Model --<br/>Comparing Models with Data --<br/>The Empirical Fit of the Production Model --<br/>Productivity Differences: Improving the Fit of the Model Note continued: 4.4.Understanding TFP Differences --<br/>Human Capital --<br/>Technology --<br/>Institutions --<br/>Misallocation --<br/>4.5.Evaluating the Production Model --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>5.The Solow Growth Model --<br/>5.1.Introduction --<br/>5.2.Setting Up the Model --<br/>Production --<br/>Capital Accumulation --<br/>Labor --<br/>Investment --<br/>The Model Summarized --<br/>5.3.Prices and the Real Interest Rate --<br/>5.4.Solving the Solow Model --<br/>Using the Solow Diagram --<br/>Output and Consumption in the Solow Diagram --<br/>Solving Mathematically for the Steady State --<br/>5.5.Looking at Data through the Lens of the Solow Model --<br/>The Capital-Output Ratio --<br/>Differences in YIL --<br/>5.6.Understanding the Steady State --<br/>5.7.Economic Growth in the Solow Model --<br/>Meanwhile, Back on the Family Farm --<br/>5.8.Some Economic Experiments --<br/>An Increase in the Investment Rate --<br/>A Rise in the Depreciation Rate --<br/>Experiments on Your Own Note continued: 5.9.The Principle of Transition Dynamics --<br/>Understanding Differences in Growth Rates --<br/>5.10.Strengths and Weaknesses of the Solow Model --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>6.Growth and Ideas --<br/>6.1.Introduction --<br/>6.2.The Economics of Ideas --<br/>Ideas --<br/>Nonrivalry --<br/>Increasing Returns --<br/>Problems with Pure Competition --<br/>6.3.The Romer Model --<br/>Solving the Romer Model --<br/>Why Is There Growth in the Romer Model? --<br/>Balanced Growth --<br/>Experiments in the Romer Model --<br/>Growth Effects versus Level Effects --<br/>Recapping Romer --<br/>6.4.Combining Solow and Romer: Overview --<br/>6.5.Growth Accounting --<br/>6.6.Concluding Our Study of Long-Run Growth --<br/>6.7.A Postscript on Solow and Romer --<br/>6.8.Additional Resources --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>6.9.Appendix: Combining Solow and Romer (Algebraically) --<br/>Setting Up the Combined Model --<br/>Solving the Combined Model Note continued: Long-Run Growth --<br/>Output per Person --<br/>Transition Dynamics --<br/>More Exercises --<br/>7.The Labor Market, Wages, and Unemployment --<br/>7.1.Introduction --<br/>7.2.The U.S. Labor Market --<br/>The Dynamics of the Labor Market --<br/>7.3.Supply and Demand --<br/>A Change in Labor Supply --<br/>A Change in Labor Demand --<br/>Wage Rigidity --<br/>Different Kinds of Unemployment --<br/>7.4.The Bathtub Model of Unemployment --<br/>7.5.Labor Markets around the World --<br/>Hours of Work --<br/>7.6.How Much Is Your Human Capital Worth? --<br/>Present Discounted Value --<br/>Your Human Capital --<br/>7.7.The Rising Return to Education --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>8.Inflation --<br/>8.1.Introduction --<br/>8.2.The Quantity Theory of Money --<br/>Measures of the Money Supply --<br/>The Quantity Equation --<br/>The Classical Dichotomy, Constant Velocity, and the Central Bank --<br/>The Quantity Theory for the Price Level --<br/>The Quantity Theory for Inflation --<br/>Revisiting the Classical Dichotomy Note continued: 8.3.Real and Nominal Interest Rates --<br/>8.4.Costs of Inflation --<br/>8.5.The Fiscal Causes of High Inflation --<br/>The Inflation Tax --<br/>Central Bank Independence --<br/>8.6.The Great Inflation of the 1970s --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>9.An Introduction to the Short Run --<br/>9.1.Introduction --<br/>9.2.The Long Run, the Short Run, and Shocks --<br/>Trends and Fluctuations --<br/>Short-Run Output in the United States --<br/>Measuring Potential Output --<br/>The Inflation Rate --<br/>9.3.The Short-Run Model --<br/>A Graph of the Short-Run Model --<br/>How the Short-Run Model Works --<br/>The Empirical Fit of the Phillips Curve --<br/>Summary --<br/>9.4.Okun's Law: Output and Unemployment --<br/>9.5.Filling in the Details --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>10.The Great Recession: A First Look --<br/>10.1.Introduction --<br/>10.2.Recent Shocks to the Macroeconomy --<br/>Housing Prices --<br/>The Global Saving Glut Note continued: Subprime Lending and the Rise in Interest Rates --<br/>The Financial Turmoil of 2007-2009 --<br/>Oil Prices --<br/>10.3.Macroeconomic Outcomes --<br/>A Comparison to Previous Recessions --<br/>Inflation --<br/>The Rest of the World --<br/>10.4.Some Fundamentals of Financial Economics --<br/>Balance Sheets --<br/>Leverage --<br/>Bank Runs and Liquidity Crises --<br/>Financial Wrap-Up --<br/>10.5.Going Forward --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>11.The IS Curve --<br/>11.1.Introduction --<br/>11.2.Setting Up the Economy --<br/>Consumption and Friends --<br/>The Investment Equation --<br/>11.3.Deriving the IS Curve --<br/>11.4.Using the IS Curve --<br/>The Basic IS Curve --<br/>The Effect of a Change in the Interest Rate --<br/>An Aggregate Demand Shock --<br/>A Shock to Potential Output --<br/>Other Experiments --<br/>11.5.Microfoundations of the IS Curve --<br/>Consumption --<br/>Multiplier Effects --<br/>Investment --<br/>Government Purchases --<br/>Net Exports --<br/>11.6.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises Note continued: Worked Exercises --<br/>12.Monetary Policy and the Phillips Curve --<br/>12.1.Introduction --<br/>12.2.The MP Curve: Monetary Policy and Interest Rates --<br/>From Nominal to Real Interest Rates --<br/>The IS-MP Diagram --<br/>Example: The End of a Housing Bubble --<br/>12.3.The Phillips Curve --<br/>Price Shocks and the Phillips Curve --<br/>Cost-Push and Demand-Pull Inflation --<br/>12.4.Using the Short-Run Model --<br/>The Volcker Disinflation --<br/>The Great Inflation of the 1970s --<br/>The Short-Run Model in a Nutshell --<br/>12.5.Microfoundations: Understanding Sticky Inflation --<br/>The Classical Dichotomy in the Short Run --<br/>12.6.Microfoundations: How Central Banks Control Nominal Interest Rates --<br/>Changing the Interest Rate --<br/>Why it instead of Mt? --<br/>12.7.Inside the Federal Reserve --<br/>Conventional Monetary Policy --<br/>Open-Market Operations: How the Fed Controls the Money Supply --<br/>12.8.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises Note continued: 13.Stabilization Policy and the AS/AD Framework --<br/>13.1.Introduction --<br/>13.2.Monetary Policy Rules and Aggregate Demand --<br/>The AD Curve --<br/>Moving along the AD Curve --<br/>Shifts of the AD Curve --<br/>13.3.The Aggregate Supply Curve --<br/>13.4.The AS/AD Framework --<br/>The Steady State --<br/>The AS/AD Graph --<br/>13.5.Macroeconomic Events in the AS/AD Framework --<br/>Event #1: An Inflation Shock --<br/>Event #2: Disinflation --<br/>Event #3: A Positive AD Shock --<br/>Further Thoughts on Aggregate Demand Shocks --<br/>13.6.Empirical Evidence --<br/>Predicting the Fed Funds Rate --<br/>Inflation-Output Loops --<br/>13.7.Modern Monetary Policy --<br/>More Sophisticated Monetary Policy Rules --<br/>Rules versus Discretion --<br/>The Paradox of Policy and Rational Expectations --<br/>Managing Expectations in the AS/AD Model --<br/>Inflation Targeting --<br/>13.8.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>14.The Great Recession and the Short-Run Model --<br/>14.1.Introduction Note continued: 14.2.Financial Considerations in the Short-Run Model --<br/>Financial Frictions --<br/>Financial Frictions in the IS/MP Framework --<br/>Financial Frictions in the AS/AD Framework --<br/>The Dangers of Deflation --<br/>14.3.Policy Responses to the Financial Crisis --<br/>The Taylor Rule and Monetary Policy --<br/>The Money Supply --<br/>The Fed's Balance Sheet --<br/>The Troubled Asset Relief Program --<br/>Fiscal Stimulus --<br/>The European Debt Crisis --<br/>Financial Reform --<br/>14.4.The Aftermath of the Great Recession --<br/>Secular Stagnation --<br/>A Productivity Slowdown? --<br/>14.5.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>15.DSGE Models: The Frontier of Business Cycle Research --<br/>15.1.Introduction --<br/>15.2.A Brief History of DSGE Models --<br/>From Real Business Cycles to DSGE --<br/>Endogenous Variables --<br/>Shocks --<br/>Features --<br/>Mathematics and DSGE Models --<br/>15.3.A Stylized Approach to DSGE --<br/>Labor Demand --<br/>Labor Supply --<br/>Equilibrium in the Labor Market Note continued: 15.4.Using the Stylized DSGE Model --<br/>A Negative TFP Shock --<br/>A Rise in Taxes Paid by Firms --<br/>A Rise in Government Purchases --<br/>Introducing Monetary Policy and Unemployment: Sticky Wages --<br/>Monetary Policy and Sticky Prices --<br/>Lessons from the Labor Market in DSGE Models --<br/>15.5.Quantitative DSGE Models --<br/>Impulse Response Functions --<br/>A Total Factor Productivity Shock --<br/>A Shock to Government Purchases --<br/>A Financial Friction Shock --<br/>15.6.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>15.7.Appendix: Deriving the Labor Supply Curve --<br/>16.Consumption --<br/>16.1.Introduction --<br/>16.2.The Neoclassical Consumption Model --<br/>The Intertemporal Budget Constraint --<br/>Utility --<br/>Choosing Consumption to Maximize Utility --<br/>Solving the Euler Equation: Log Utility --<br/>Solving for ctoday and Cfuture: Log Utility and = 1 --<br/>The Effect of a Rise in R on Consumption --<br/>16.3.Lessons from the Neoclassical Model Note continued: The Permanent-Income Hypothesis --<br/>Ricardian Equivalence --<br/>Borrowing Constraints --<br/>Consumption as a Random Walk --<br/>Precautionary Saving --<br/>16.4.Empirical Evidence on Consumption --<br/>Evidence from Individual Households --<br/>Aggregate Evidence --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>17.Investment --<br/>17.1.Introduction --<br/>17.2.How Do Firms Make Investment Decisions? --<br/>Reasoning with an Arbitrage Equation --<br/>The User Cost of Capital --<br/>Example: Investment and the Corporate Income Tax --<br/>From Desired Capital to Investment --<br/>17.3.The Stock Market and Financial Investment --<br/>The Arbitrage Equation and the Price of a Stock --<br/>P/E Ratios and Bubbles? --<br/>Efficient Markets --<br/>17.4.Components of Private Investment --<br/>Residential Investment --<br/>Inventory Investment --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercises --<br/>18.The Government and the Macroeconomy --<br/>18.1.Introduction Note continued: 18.2.U.S. Government Spending and Revenue --<br/>Spending and Revenue over Time --<br/>The Debt-GDP Ratio --<br/>18.3.International Evidence on Spending and Debt --<br/>18.4.The Government Budget Constraint --<br/>The Intertemporal Budget Constraint --<br/>18.5.How Much Can the Government Borrow? --<br/>Economic Growth and the Debt-GDP Ratio --<br/>High Inflation and Default --<br/>Generational Accounting --<br/>Deficits and Investment --<br/>18.6.The Fiscal Problem of the Twenty-First Century --<br/>The Problem --<br/>Possible Solutions --<br/>18.7.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>19.International Trade --<br/>19.1.Introduction --<br/>19.2.Some Basic Facts about Trade --<br/>19.3.A Basic Reason for Trade --<br/>19.4.Trade across Time --<br/>19.5.Trade with Production --<br/>Autarky --<br/>Free Trade --<br/>Lessons from the Apple: Computer Example --<br/>19.6.Trade in Inputs --<br/>Moving Capital versus Moving Labor --<br/>19.7.The Costs of Trade --<br/>19.8.The Trade Deficit and Foreign Debt Note continued: Trade and Growth around the World --<br/>The Twin Deficits --<br/>Net Foreign Assets and Foreign Debt --<br/>19.9.Conclusion --<br/>Summary --<br/>Key Concepts --<br/>Review Questions --<br/>Exercises --<br/>Worked Exercise --<br/>20.Exchange Rates and International Finance --<br/>20.1.Introduction --<br/>20.2.Exchange Rates in the Long Run --<br/>The Nominal Exchange Rate --<br/>The Law of One Price --<br/>The Real Exchange Rate --<br/>Summary --<br/>20.3.Exchange Rates in the Short Run --<br/>The Nominal Exchange Rate --<br/>The Real Exchange Rate --<br/>20.4.Fixed Exchange Rates --<br/>20.5.The Open Economy in the Short-Run Model --<br/>The New IS Curve --<br/>Event #1: Tightening Domestic Monetary Policy and the IS Curve --<br/>Event #2: A Change in Foreign Interest Rates --<br/>20.6.Exchange Rate Regimes --<br/>20.7.The Policy Trilemma --<br/>Which Side of the Triangle to Choose? --<br/>The Future of Exchange Rate Regimes --<br/>20.8.The Euro Crisis --<br/>The Crisis of 2011-2013 --<br/>Long-Term Competitiveness --<br/>Summary --<br/>Key Concepts --<br/>Review Questions Note continued: Exercises --<br/>Worked Exercises --<br/>21.Parting Thoughts --<br/>21.1.What We've Learned --<br/>21.2.Significant Remaining Questions --<br/>21.3.Conclusion. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The current economic crisis is the worst since the Great Depression. This book directly addresses the the global financial crisis and presents it in terms of the short-run models used in economics. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Macroeconomics. |
| 9 (RLIN) | 1251 |
| Topical term or geographic name entry element | Economics. |
| 9 (RLIN) | 888 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | |
| Koha item type | Book |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent Location | Current Location | Date acquired | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KCST Library | KCST Library | 2020-02-05 | 339 Jo Ma | 1000000521 | 2020-02-05 | 2020-02-05 | Book |