Ugrás a tartalomhoz

ECONOMIC POLICY

Péter Pete

ELTE Közgazdaságtudományi Tanszék, MTA Közgazdaságtudományi Intézet, Balassi Kiadó

The course is a detailed account of the goals, tools and working mechanisms of the classical macoroeconomic policies, the monetary and the fiscal policy. The main goal of the course is, that students, who familiarized themselves with the basic modern macroeconomic models in previous courses, would be able to apply those strutures to analyze the most important macroeconomic policy problems raised by the cyclical nature of the modern exchange economy.The basic keynesian, new-keynesian and flexible price inflation models are expended with new features that cover the specifics of the different policy questions.We emphasize economic dynamics and forward looking expectations in particular. The assigned literature covers empirical estimates and helps students get practice in handling economic data in general. Case studies from recent macroeconomic history of selected countries are used to illustrate the workings and the predictive power of the models covered in the course.The majority of the issues we discuss are monetary, they describe the influence of money and monetary policy on other macoeconomic variables. We connect them to the monetary policy regimes, contemporary developed and developing countries operate. Fixed price (keynesian) staggered price (new-keynesian) and flexible price (seigniorage) models are also covered.As for fiscal policy we try and identify the specific features and adjusment channels, that determine the size of the reaction of output to a fiscal policy shock, the multiplier. Estimates on those reactions vary wildly, students will have elaborate knowledge about the difficulties how to estimate those indicators properly.Student are signed specific topics, whose literature they are to cover individually and present their experience in front of the class. Guest lecturers are also to be invited to cover the specifics of the Hungarian economic policy.

Table of Contents

Downloads
01-week-economic-policy.pdf
01-week-economic-policy-ppt.pdf
02-week-economic-policy.pdf
02-week-economic-policy-ppt.pdf
03-week-economic-policy.pdf
03-week-economic-policy-ppt.pdf
04-week-economic-policy.pdf
04-week-economic-policy-ppt.pdf
05-week-economic-policy.pdf
05-week-economic-policy-ppt.pdf
06-week-economic-policy.pdf
06-week-economic-policy-ppt.pdf
07-week-economic-policy.pdf
07-week-economic-policy-ppt.pdf
08-week-economic-policy.pdf
08-week-economic-policy-ppt.pdf
09-week-economic-policy.pdf
09-week-economic-policy-ppt.pdf
10-week-economic-policy.pdf
10-week-economic-policy-ppt.pdf
11-week-economic-policy.pdf
11-week-economic-policy-ppt.pdf
12-week-economic-policy.pdf
12-week-economic-policy-ppt.pdf
13-week-economic-policy.pdf
13-week-economic-policy-ppt.pdf
gazdpolangol.pdf
DC Metadata
Title:
ECONOMIC POLICY
Authors:
Péter Pete
Publisher:
ELTE Közgazdaságtudományi Tanszék, MTA Közgazdaságtudományi Intézet, Balassi Kiadó
Contributors:
ELTE TáTK Közgazdaságtudományi Tanszéke, MTA Közgazdaságtudományi Intézet, Balassi Kiadó
Sources:
eredeti tananyag
Language
English
Subjects
Fixed price models, flexible prices, hyperinflation, seigniorage models, inflation, inflation expectations, the new-keynesian model, Taylor rule, transparency, credibility, zero bound of interest, liquidity trap, nominal anchors, fiscal policy, IS-LM model
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