Macroeconomic Policy: Demystifying Monetary and Fiscal Policy / Edition 3

by Farrokh K. Langdana

Overview

Lucas (finance and economics, Rutgers U.) is the 1995 Nobel Laureate economist. Here he emphasizes practical and real-world aspects of fiscal and monetary policy analysis for people who need to do so in the context of their personal or professional lives. Among the features are mock articles he has written at the end of each chapter as analogues of magazine articles that present macroeconomic news to managers. Annotation (c)2003 Book News, Inc., Portland, OR

Product Details

ISBN-13:	9783319813851
Publisher:	Springer International Publishing
Publication date:	04/25/2018
Series:	Springer Texts in Business and Economics
Edition description:	Softcover reprint of the original 3rd ed. 2016
Pages:	318
Sales rank:	726,437
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Dr. Langdana is a professor in the Finance and Economics Department at Rutgers Business School, and also the director of the globally ranked and highly regarded Rutgers Executive MBA (EMBA) Program. He has been director since 1997. The subject, Economics, in Rutgers EMBA has been ranked #2 in the world by Financial Times, four times in a row.

Dr. Langdana's areas of specialization include monetary and fiscal theory and international trade and global macroeconomic policy. His research deals with macroeconomic experimentation and the role of stabilization policy in an expectations-driven economy. He has published several articles as well as five books in this area.

Dr. Langdana is the recipient of the Horace dePodwin Research Award and more than 35 teaching awards, including the highest possible teaching award at Rutgers University — the Warren I. Susman Award. He also has received Rutgers Business School's Paul Nadler Award for Excellence in Teaching. From 2011 to 2013, the Award for Excellence in teaching in the MBA Program was named the Farrokh Langdana Teaching Excellence Award. Currently, a classroom at Rutgers Business School has been named after him. Farrokh has taught in the US, France, India, China, Singapore and Iceland.

Table of Contents

Chapter 1. Introduction and Overview of the Fourth Edition.- Chapter 2. National Income Accounts.- Chapter 3. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity.- Chapter 4. Aggregate Demand: Setting the Stage for Demand-Side Stabilization.- Chapter 5. Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between.- Chapter 6. Long-Term Interest Rates, the Yield Curve, and Hyperinflation.- Chapter 7. ISLM: The Engine Room.- Chapter 8. The Classical Model.- Chapter 9. The Keynesian Model.- Chapter 10. The Supply-Side Model and the New Economy.- Chapter 11. After Covid: MMT and other Major Global Macropolicy Issues.- Chapter 12. Central Banks and Monetary Policy.