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The Behaviour of Interest Rates Continued

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy: Theory and British Experience

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283195
eISBN:
9780191596186
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283199.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

This is a continuation of the previous chapter, but focuses on the institutional process at work in a central bank rather than theory. It examines the effects of central‐bank policy on base interest ... More


The IS—LM Cores of Three Econometric Models

R. Jeffery Green, Bert G. Hickman, E. Philip Howrey, Saul H. Hymans, and Michael R. Donihue

in Comparative Performance of U.S. Econometric Models

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195057720
eISBN:
9780199854967
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195057720.003.0004
Subject:
Economics and Finance, Econometrics

This chapter discusses the methodology of IS-LM and AD-AS system reduction and illustrates its application to three U.S. econometric models: the Hickman-Coen (HC) Annual Growth Model, the Indiana ... More


The Years of High Theory: II

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0009
Subject:
Economics and Finance, History of Economic Thought

Deals with the reaction of the Neoclassical School to the criticism levied against it in the inter-war period. Emphasizes the developments of general equilibrium theory and the birth of the new ... More


Monetary Policy and External Shocks in a Semidollarized Economy

Oscar Dancourt

in Macroeconomics and Development: Roberto Frenkel and the Economics of Latin America

Published in print:
2016
Published Online:
September 2016
ISBN:
9780231175081
eISBN:
9780231541213
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231175081.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

the chapter discusses the adequate monetary policy response to management of external shocks that deteriorate the balance of payments and contracts aggregate demand. To this end the author develops ... More


Short-term Behavioural Equations for Developing Countries

Giovanni Andrea Cornia

in The Macroeconomics of Developing Countries: An Intermediate Textbook

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198856672
eISBN:
9780191889851
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198856672.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics, Development, Growth, and Environmental

This chapter discusses the structural difference in family size, structure, location, and preferences, as well as the features of the formal and informal financial markets that determine the access ... More


IS-LM and AS-AD with Behavioural Equations for the Developing Countries

Giovanni Andrea Cornia

in The Macroeconomics of Developing Countries: An Intermediate Textbook

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198856672
eISBN:
9780191889851
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198856672.003.0014
Subject:
Economics and Finance, Macro- and Monetary Economics, Development, Growth, and Environmental

This chapter discusses the IS-LM and AS-AD models developed for developing countries, as discussed for the developed countries in Chapter 3. However, while the basic components of such models are ... More


The Years of High Theory: II

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198774556
eISBN:
9780191717383
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774559.003.0009
Subject:
Economics and Finance, History of Economic Thought

Deals with the reaction of the Neoclassical School to the criticism levied against it in the inter‐war period. Emphasizes the developments of general equilibrium theory and the birth of the new ... More


Hydraulic machine

Alan Bollard

in A Few Hares to Chase: The Economic Life and Times of Bill Phillips

Published in print:
2016
Published Online:
March 2016
ISBN:
9780198747543
eISBN:
9780191810473
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198747543.003.0006
Subject:
Economics and Finance, Economic History

Bill had studied some economics in his sociology degree and he became intrigued about using his engineering skills to illustrate this better. With encouragement from James Meade, he managed to ... More


Output, Inflation, and Stabilization

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter describes a number of historical models, particularly the most traditional Keynesian models, such as the Keynesian cross, the IS-LM model, and the AD-AS model. These models are primarily ... More


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