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Macroeconomic Policy

Demystifying Monetary and Fiscal Policy

  • Book
  • © 2002

Overview

Authors:
  1. Farrokh K. Langdana

    1. Rutgers Business School, USA

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  • Applications oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xvii
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  2. Introduction and Overview

    • Farrokh K. Langdana
    Pages 1-5

  3. National Income Accounts

    • Farrokh K. Langdana
    Pages 7-24

  4. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity

    • Farrokh K. Langdana
    Pages 25-47

  5. Aggregate Demand: Setting the Stage for Demand-Side Stabilization

    • Farrokh K. Langdana
    Pages 49-70

  6. Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between

    • Farrokh K. Langdana
    Pages 71-107

  7. Long-Term Interest Rates, the Yield Curve and Hyperinflation

    • Farrokh K. Langdana
    Pages 109-130

  8. ISLM: The Engine Room

    • Farrokh K. Langdana
    Pages 131-161

  9. The Classical Model

    • Farrokh K. Langdana
    Pages 163-180

  10. The Keynesian Model

    • Farrokh K. Langdana
    Pages 181-210

  11. The Supply-Side Model and the New Economy

    • Farrokh K. Langdana
    Pages 211-250

  12. Central Banks and Monetary Policy

    • Farrokh K. Langdana
    Pages 251-282

  13. Back Matter

    Pages 283-290
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Keywords

About this book

"Macroeconomic Policy" is an applications oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. The book demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies will also find the book extremely useful.

Reviews

From the reviews:

"The notion of allowing the reader the freedom of choice between the Keynesian and Supply-Sider models for developed economies is fresh and radically different from most conventional macroeconomic texts. In addition, it is an honest approach...given that policymakers...still make policy based on assumptions behind each paradigm."
(Dr. W. Michael Cox, Senior Vice President and Chief Economist, Federal Reserve Bank of Dallas and co-author of Myths of Rich and Poor)

"Macroeconomic Policy is a lively and informative introduction to the diverse doctrines of macroeconomic theory."
(Professor Robert E. Lucas, Jr., Recipient of the 1995 Nobel Prize in Economics)

Authors and Affiliations

  • Rutgers Business School, USA

    Farrokh K. Langdana

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