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New Trends in Macroeconomics

  • Book
  • © 2005

Overview

Editors:
  1. Claude Diebolt

    1. BETA/CNRS, Faculty of Economics, University of Strasbourg I, Strasbourg Cedex, France

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  2. Catherine Kyrtsou

    1. Department of Economics, University of Macedonia, Thessaloniki, Greece

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    You can also search for this editor in PubMed   Google Scholar

  • Details recent advances in Macroeconomics on a global level
  • Provides insight into economic policy and offers a broad historical perspective
  • Includes supplementary material: sn.pub/extras

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Table of contents (11 chapters)

  1. Front Matter

    Pages I-XIV
    Download chapter PDF

  2. The Propagation of Macroeconomic Shocks: A Dynamic Model with Contracts and Imperfect Competition

    • Jean-Pascal Bénassy
    Pages 1-20

  3. Variable Elasticity of Substitution and Economic Growth: Theory and Evidence

    • Giannis Karagiannis, Theodore Palivos, Chris Papageorgiou
    Pages 21-37

  4. Financial Intermediation and Economic Growth: A Semiparametric Approach

    • Thanasis Stengos, Zhihong Liang
    Pages 39-52

  5. Bridging the Gap: Linking Economics and Econometrics

    • David F. Hendry
    Pages 53-77

  6. Revenue Smoothing in an ARIMA Framework: Evidence from the United States

    • Periklis Gogas, Apostolos Serletis
    Pages 79-88

  7. What VAR Tell us about DSGE Models?

    • Fabio Canova, Joaquim Pires Pina
    Pages 89-123

  8. Ex ante Real Returns in Forward Market Speculation in the Inter-War Period: Evidence and Prediction

    • Ivan Paya, David A. Peel
    Pages 125-145

  9. Testing for Fractional Cointegration: The Relationship between Government Popularity and Economic Performance in the UK

    • James Davidson
    Pages 147-171

  10. Non-stationarity Tests in Macroeconomic Time Series

    • Olivier Darné, Claude Diebolt
    Pages 173-194

  11. Seasonality, Nonstationarity and the Structural Forecasting of the Index of Industrial Production

    • Eugene Kouassi, Walter C. Labys
    Pages 195-221

  12. Complex Dynamics in Macroeconomics: A Novel Approach

    • Catherine Kyrtsou, Constantinos E. Vorlow
    Pages 223-238
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Keywords

About this book

That macroeconomic theory and macroeconometrics are, in the near future and more than ever, indispensable tools in the study of economics is no longer a very cont- versial statement. It is now generally agreed that economic theory, combined with historical, statistical and mathematical methods are necessary at the theoretical level, to formulate problems precisely, to draw conclusions from postulates and to gain - sight into workings of complicated processes, and at the applied level, to measure variables, to estimate parameters and to organise the elaborate calculations involved in reaching empirical results. This book is an illustration of the Editors belief in this principle. It offers new insights in macroeconomic analysis. It deals with both theory and empirical results related to the dynamics within the structure of macroeconomic variables as well as between them. More precisely?ve axes are distinguished. There are theoretical and applied works with developments on (1) mechanisms of economic dynamics, (2) structures of macroeconomic variables, and (3) relationships between macroeconomic time series. The book also presents methodologies where (4) linear testing is improved and (5) new non-linear techniques are applied. Turning to the individual contributions now. Benassy’ ´ s chapter studies the propagation of macroeconomic shocks using a - namic model with wage and price staggering. He?nds evidence in favour of a p- sistent response of both output and in?ation to monetary shocks.

Editors and Affiliations

  • BETA/CNRS, Faculty of Economics, University of Strasbourg I, Strasbourg Cedex, France

    Claude Diebolt

  • Department of Economics, University of Macedonia, Thessaloniki, Greece

    Catherine Kyrtsou

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