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Books > Business & Economics > Economics > Macroeconomics > General

Reflections on the Development of Modern Macroeconomics (Hardcover): Brian Snowdon, Howard R Vane Reflections on the Development of Modern Macroeconomics (Hardcover)
Brian Snowdon, Howard R Vane
R2,403 Discovery Miles 24 030 Shipped within 7 - 12 working days

Macroeconomic analysis has undergone profound and controversial changes during the past twenty-five years and, as such, economists have developed and evolved their approaches to the discipline. Reflections on the Development of Modern Macroeconomics presents a collection of eight original essays, from leading scholars, each of which focuses on an important issue relating to these developments. These accessible, reflective surveys include: * to stabilize or not to stabilize: is that the question? Brian Snowdon and Howard Vane * the rhetoric and methodology of modern macroeconomics Roger Backhouse * how relevant is Keynesian economics today? Keith Shaw * what remains of the monetarist counter-revolution? Thomas Mayer * macroeconomics: before and after rational expectations Patrick Minford * the ups and downs of modern business cycle theory Cillian Ryan and Andrew Mullineux * the role of imperfect competition in new Keynesian economics Huw Dixon * politics and the macroeconomy: endogenous politicians and aggregate instability Brian Snowdon and Howard Vane This book will attract a wide readership among intermediate undergraduates, as well as postgraduates and lecturers in the fields of macroeconomics and the history of economic thought.

Macroeconomic Issues from a Keynesian Perspective - Selected Essays of A.P. Thirlwall, Volume Two (Hardcover): A.P. Thirlwall Macroeconomic Issues from a Keynesian Perspective - Selected Essays of A.P. Thirlwall, Volume Two (Hardcover)
A.P. Thirlwall
R2,554 Discovery Miles 25 540 Shipped within 7 - 12 working days

This important volume brings together 22 major essays written by A.P. Thirlwall over the last 30 years in the field of macroeconomics, and in particular on multiplier analysis, unemployment, inflation, growth and the balance of payments. These outstanding essays make pioneering contributions, such as the input-output formulation of the foreign trade multiplier; the derivation and use of the dynamic Harrod foreign trade multiplier; the measurements of types of unemployment; the estimation of regional Phillips curves, and the formalization of Kaldor's model of regional growth rate differences. Many of the essays are written from a Keynesian perspective, and the recent revival of interest in Keynesian economics means that the essays are as relevant today as when they were written, especially those on the nature of unemployment, the causes of inflation, and the link between the balance of payments and economic growth. Macroeconomic Issues from a Keynesian Perspective will be of interest not only to professional economists but also to policymakers in developed and developing countries for the insights it provides into the functioning of the macroeconomy.

Government versus the Market - The Growth of the Public Sector, Economic Management and British Economic Performance, c.... Government versus the Market - The Growth of the Public Sector, Economic Management and British Economic Performance, c. 1890-1979 (Paperback, New edition)
Roger Middleton
R830 Discovery Miles 8 300 Shipped within 7 - 12 working days

In Government Versus the Market, Roger Middleton provides a comprehensive, interdisciplinary and controversial analysis of how Britain's relative economic decline from the late nineteenth century onwards generated an intense debate about the legitimate roles of government and the market. After a thorough analysis of Britain's long-run economic performance in a comparative context, which emphasizes how the problem of decline is frequently misunderstood, and an account of the long-run forces promoting and constraining government growth, he then charts how the economic role of government evolved in response to decline but produced a mix of macroeconomic and microeconomic policies which proved inadequate for the task. This major study emphasizes the institutional and political constraints to economic modernization and uses the specific characteristics of Britain's predicament, a combination of market failure and impotent state, to explain why by 1979 the burgeoning New Right were able to launch an attack upon big government. Dr Middleton then demonstrates how Britain's subsequent economic performance, while brilliantly propagandized as an economic renaissance, has in fact been lacklustre and why the Conservatives' economic strategy failed to address the underlying problems of decline and to reduce the size of the public sector. Government versus the Market brings an unrivalled historical, empirical and theoretical breadth to our understanding of the last century of British economic history as well as a wealth of material on economic performance and public sector growth, and the fullest bibliography yet published on Britain's economic decline. Comprehensive, authoritative and wide-ranging, this extensive study uses a long-term and comparative framework which draws upon the latest research of economists, historians and political scientists to show why successive governments have been unable to halt Britain's relative economic decline.

Transaction Cost Economics - Recent Developments (Hardcover): Claude Menard Transaction Cost Economics - Recent Developments (Hardcover)
Claude Menard
R1,974 Discovery Miles 19 740 Shipped within 7 - 12 working days

This important new book deals with some of the most fundamental issues of transaction cost economics. It focuses on the analysis of the internal nature and characteristics of organizations and on the subtle interactions between institutional environment and governance structures over time. Transaction Cost Economics investigates the nature of contractual arrangements involved in large organizations, the `configurations' of corporations, the modes of governance implemented, and the respective role of different constituencies. The second series of problems addressed in the book concerns the interaction between the institutional environment and governance structures over time, with special emphasis on the Russian privatization programme and the narcotics market. These twin analyses substantiate the distinction between private and public ordering. The book is strongly oriented towards increasing the operationalization of the concepts of transaction cost economics. The book will be essential reading for everyone interested in the new institutional economics and by recent developments in the theory of contracts, in transaction costs economics and in organisation theory. Because of its emphasis on potential applications, it will also be of interest to readers from management science and those involved in the analysis of economies in transition.

Regional Housing and Labour Markets (Hardcover): Manfred M. Fischer, Kenneth Button, Peter Nijkamp Regional Housing and Labour Markets (Hardcover)
Manfred M. Fischer, Kenneth Button, Peter Nijkamp
R5,308 Discovery Miles 53 080 Shipped within 7 - 12 working days

Regional Housing and Labour Markets takes a close look at the history and the current achievements of housing and labour market research. It demonstrates that, despite the large number of diverse contributions in this area, at least six main fields might be identified, for which regional science may claim to have provided an important contribution to economic theory and analysis; Housing Market Models: Structure and Operation of Housing Markets; Housing Consumption and Demand; Housing Choice and Residential Mobility; Job Search Theory; Labour Supply and Demand; Spatial Labour Market Adjustment. The articles in this collection span over 30 years including the work of many leading experts in the fields of housing market research and labour market research.

Macroeconomic Policy and the Future of Capitalism - The Revenge of the Rentiers and the Threat to Prosperity (Paperback, New... Macroeconomic Policy and the Future of Capitalism - The Revenge of the Rentiers and the Threat to Prosperity (Paperback, New edition)
John Smithin
R598 Discovery Miles 5 980 Shipped within 7 - 12 working days

Macroeconomic Policy and the Future of Capitalism addresses the revolution in macroeconomic policy of the last quarter of the twentieth century and the movement away from concerns with employment and growth in favour of financial variables such as inflation and exchange rates. John Smithin argues that this `financial reaction' in macroeconomic policy is the result of a distinct shift in political power in favour of financial or `rentier' interests, and away from both labour and manufacturing business. The outcome is a regime in which the real rate of return to financial capital is persistently higher than it was in the relatively prosperous years between the end of World War II and the mid-1970s, but economic performance is persistently worse. Professor Smithin recommends drastic changes in attitude, in particular in the conduct of monetary policy, if a more secure prosperity is to be restored in the 21st century. Macroeconomic Policy and the Future of Capitalism is an accessible, highly readable account of macroeconomic policy in the industrial nations which cuts through the complex mathematics and obscure jargon of most books on economics to deal with real issues.

Regional Policy and Regional Integration (Hardcover): Niles Hansen, Kenneth Button, Peter Nijkamp Regional Policy and Regional Integration (Hardcover)
Niles Hansen, Kenneth Button, Peter Nijkamp
R6,018 Discovery Miles 60 180 Shipped within 7 - 12 working days

Regional Policy and Regional Integration reprints the most important papers on those government policies that have an intentional and formal geographic focus. These policies have typically been motivated by equity considerations such as reducing unemployment, increasing incomes, promoting structural adjustments or realizing development potentials. While the main objective of regional policy is to improve conditions in deprived areas, public resources must be used in such a way that these objectives are achieved efficiently. The topics covered in this important volume include regional integration and urban systems; income, amenities and welfare; infrastructure; manufacturing; services; innovative milieux; delineating planning regions and policy instruments.

Inequality and Economic Integration (Hardcover): Francesco Farina, Ernesto Savaglio Inequality and Economic Integration (Hardcover)
Francesco Farina, Ernesto Savaglio
R2,967 Discovery Miles 29 670 Shipped within 7 - 12 working days

Internationally, globalization and increased economic integration has impacted quality of life and individual well-being. Attempts to evaluate the impact on income dispersion from this process have been extremely controversial. This key volume is the first real attempt to build up indices and a theoretical framework in order to deal with inequality of opportunity, and to enable social and political institutions to monitor increasing disparities in well-being and social exclusion. It thoroughly examines the possible relationships between the recent acceleration in economic integration and inequality among persons and countries and will enable social and political institutions to monitor increasing disparities in well-being and social exclusion. The contributions to this volume cover various subfields of economics, and examine both the negative and positive spillover effects of economic integration on individuals, social groups and nations. Since the impact of globalization on the most deprived people is multidimensional in nature, the theoretical framework is extended to a multivariate context where several individual characteristics are simultaneously considered. This original volume covers many important topics and features an impressive array of respected contributors. As such, it is sure to be an invaluable resource for postgraduates and professionals in the fields of political economy and economics.

Economics of Transition - Structural Adjustments and Growth Prospects in Eastern Europe (Hardcover, illustrated edition): Mark... Economics of Transition - Structural Adjustments and Growth Prospects in Eastern Europe (Hardcover, illustrated edition)
Mark Knell
R2,190 Discovery Miles 21 900 Shipped within 7 - 12 working days

Bringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, it explores how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy. Economics of Transition is the first of a major new series published by Edward Elgar for The Vienna Institute for Comparative Economic Studies. The intention of this new series is to encourage discussion on the economic theory and policy of transition and European economic integration.

Economic Institutions, Markets and Competition - Centralization and Decentralization in the Transformation of Economic Systems... Economic Institutions, Markets and Competition - Centralization and Decentralization in the Transformation of Economic Systems (Hardcover)
Bruno Dallago, Luigi Mittone
R2,794 Discovery Miles 27 940 Shipped within 7 - 12 working days

The decentralization of economic institutions in the West since the 1970s and in Eastern and Central Europe since 1989 is a significant and ongoing process which has implications for the nature of economic systems. This major new book explores the importance of institutions in economic systems and challenges the traditional assumption of antagonism between tendencies to centralize and tendencies to decentralize. An international group of authors from Europe and the US addresses different aspects of the centralization-decentralization issues including privatization, fiscal federalism, the recent experience of Russia and Eastern Europe, and the role of quasi-markets and non-profit organizations. Drawing on theoretical approaches and empirical material, they argue that the real achievement of efficiency requires the presence of certain key criteria in the structure of the market. Every move towards decentralization, such as privatization, is shown to entail counter-balancing moves towards centralization, such as the introduction of improved, central regulation. Economic Institutions, Markets and Competition will be welcomed for exploring the implications of centralization and decentralization in the transformation of economic systems and for emphasizing market structure as well as market competition.

International Macroeconomics (Paperback, 4th ed. 2017): Rob Feenstra, Alan Taylor International Macroeconomics (Paperback, 4th ed. 2017)
Rob Feenstra, Alan Taylor
R1,397 Discovery Miles 13 970 Shipped within 7 - 12 working days

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor's International Macroeconomics uses engaging applications to provide a modern view of the global economy for a modern audience. Most international economics textbooks emphasize theory and the economies of advanced countries. Feenstra and Taylor combine theoretical coverage with empirical evidence throughout, while reflecting the realities of the global economy by covering emerging markets and developing countries (India, China, Southeast Asia). The new edition has been thoroughly updated to include new data and Applications, as well as many new Headlines to reflect the rapid changes in international economics during the last three years. The 4th Edition includes the latest on opening relations with Cuba, immigration and Europe's refugee crisis, the effect of NAFTA on wages and employment, job polarization, quicksourcing, China's problems, and the debate in Britain about leaving the European Union. A modern textbook requires a modern and integrated homework system. LaunchPad offers our acclaimed content organized for easy assignability by instructors and enhanced learning for students.

The Singapore Economy (Hardcover): Gavin Peebles, Peter Wilson The Singapore Economy (Hardcover)
Gavin Peebles, Peter Wilson
R2,689 Discovery Miles 26 890 Shipped within 7 - 12 working days

This important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy. After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy. The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore economy.

The ECONOMIC DEVELOPMENT OF THE NETHERLANDS SINCE 1870 (Hardcover): Jan L. van Zanden The ECONOMIC DEVELOPMENT OF THE NETHERLANDS SINCE 1870 (Hardcover)
Jan L. van Zanden
R3,964 Discovery Miles 39 640 Shipped within 7 - 12 working days

The articles in this volume give a balanced picture of the main debates of Dutch economic history after 1870: the slow industrialization in the nineteenth century, the protracted character of the depression of the 1930s; the `Dutch miracle' of 1950 to1973 and the `Dutch disease' of the 1970s and 1980s. Some eminent contributions to these debates have been translated here in to English for the first time.

Trade in the Pre-Modern Era, 1400-1700 (Hardcover): Douglas A. Irwin Trade in the Pre-Modern Era, 1400-1700 (Hardcover)
Douglas A. Irwin
R8,496 Discovery Miles 84 960 Shipped within 7 - 12 working days

This is the first title in The Growth of the World Economy series and collects together the most significant research and scholarship on a crucial period in the growth of international trade, from the fifteenth to the seventeenth centuries. This three hundred year span saw a dramatic expansion in the volume of world trade. Trade during this period became more truly international due to the rise of the nation-state in Europe. Articles are written by leading scholars around the world and take up such topics as the emergence of new world trade routes, trade in particular goods and commodities, European trade policies and mercantilism. With its focus on the beginnings of world trade, Trade in the Pre-Modern Era, 1400-1700 will be an indispensable reference source for all researchers concerned with the initial development of both international trade and the expansion of the world economy.

The Bulgarian Economy in Transition (Hardcover): J.A. Bristow The Bulgarian Economy in Transition (Hardcover)
J.A. Bristow
R2,183 Discovery Miles 21 830 Shipped within 7 - 12 working days

John Bristow's wide-ranging review, based on primary sources, traces economic developments since the fall of Zhivkov in late 1989. The progress of the macroeconomy, sectoral developments, international relations, reform of the banking and fiscal systems, and privatization are all extensively examined by Professor Bristow. While focusing on policy and the failure of the Bulgarian political system to provide sufficient momentum for effective economic reform, this important book acknowledges the successes and recognizes the problems of framing policy in times of severe economic dysfunction. Accessible and up-to-date, The Bulgarian Economy in Transition will be welcomed by scholars, researchers and policy makers concerned with the problems of transition from planned to market economies.

European Economic Integration - The Common Market, European Union and Beyond (Paperback, New edition): Dennis Swann European Economic Integration - The Common Market, European Union and Beyond (Paperback, New edition)
Dennis Swann
R626 Discovery Miles 6 260 Shipped within 7 - 12 working days

This major new book is the most up-to-date general survey of economic and political integration in the European Union. Recent key developments deriving from the Maastricht Treaty and the Single European Act are highlighted including the completion of the Single Market, the prospects for EMU, the Community budget, and the reform of the CAP. The main ingredients of EMU are discussed and the Maastricht monetary plan is critically explained. This is followed by an analysis of the Community budget to 1999 and the related reform of the CAP. Professor Swann also surveys the two other treaty pillars - Co-operation on Justice and Home Affairs and the development of Common Foreign and Security Policy. European Economic Integration concludes by reviewing the factors which have stimulated the process towards an even closer union and identifying the challenges which still face the Union as it moves towards the second millennium.

Trade and the Industrial Revolution, 1700-1850 (Hardcover): Stanley L. Engerman Trade and the Industrial Revolution, 1700-1850 (Hardcover)
Stanley L. Engerman
R8,378 Discovery Miles 83 780 Shipped within 7 - 12 working days

This two volume set reprints 37 important contributions dealing with international trade throughout the world during the rise of Great Britain to world dominance, the industrialization of Western Europe, and the political and economic expansion of European powers into Asia, Africa and the Americas. The period from 1700 to 1850 saw many dramatic changes in the world economy. Frequent war among the European nations also affected these changes, influencing the timing and perhaps the ultimate magnitude of intercontinental trade. In addition to discussions of commodity trade in different parts of the world, essays in these volumes deal with the effects of governmental policies towards the flows of capital and labour and the emergence of trading institutions and their impacts on economic development. Many deal with controversial topics such as the role of slavery and the slave trade on European development, the burdens of mercantilism, and the impact of European expansion on the economies of the less developed parts of the world.

Stock Market Crashes and Speculative Manias (Hardcover): Eugene N. White Stock Market Crashes and Speculative Manias (Hardcover)
Eugene N. White
R5,306 Discovery Miles 53 060 Shipped within 7 - 12 working days

This volume offers an authoritiative selection of the best published articles on the great speculative manias and stock market crashes, which highlights their important similarities. These phenomena disrupt the normal activities of investors who use financial markets to accumulate diversified portfolios of assets. The attraction of rapid capital gains entices the unwary to abandon their customary investments, exposing them to ruin when prices of hot new assets collapse. The mania for tulips in seventeenth century Holland and schemes to refinance government debt in eighteenth century France and Britain burned many investors and transformed financial markets. The volatile American stock market of the nineteenth century and bursting regional real estate bubbles brought down many financial institutions, threatening economic stability. The striking parallels between the stock market crashes of 1929 and 1987 raise basic questions about the stability of the capital markets. By examining whether these phenomena represent rational movements of the market or some mania or fad, these articles focus on the central policy question of whether these markets require regulation to serve the investing public.

The Integration of the World Economy, 1850-1914 (Hardcover): C.Knick Harley The Integration of the World Economy, 1850-1914 (Hardcover)
C.Knick Harley
R11,666 Discovery Miles 116 660 Shipped within 7 - 12 working days

During the latter part of the nineteenth century and the beginning of this century both international trade and national economies grew exponentially, with international trade growing considerably faster than national income. Contributors to these two volumes question whether trade's more rapid growth was an engine pulling successful economies, or whether government policies of trade protection had a greater impact upon national economic growth. The essays in this collection analyse four major driving forces of the period's sustained economic growth: changes in tariff policies; the technological "revolution" in transportation costs; the population and income growth effects upon demand; and the alterations to comparative advantage brought about by technological changes and resource discoveries.

The Singapore Economy (Paperback): Gavin Peebles, Peter Wilson The Singapore Economy (Paperback)
Gavin Peebles, Peter Wilson
R653 Discovery Miles 6 530 Shipped within 7 - 12 working days

This important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy. After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy. The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore economy.

Full Employment and Growth - Further Keynesian Essays on Policy (Hardcover): James Tobin Full Employment and Growth - Further Keynesian Essays on Policy (Hardcover)
James Tobin
R2,360 Discovery Miles 23 600 Shipped within 7 - 12 working days

Full Employment and Growth presents James Tobin's unique modern Keynesian slant on the major monetary, fiscal and international policy issues of the 1990s. More than twenty recent essays collected together in this volume address the major contemporary issues of macroeconomic policy, especially in America. Usually dissenting from the orthodoxies of the day, both liberal and conservative, Professor Tobin offers a common sense, unhysterical view of public deficits and debt, speaks for pragmatic monetary policies, argues against protectionism and favours slowing down the speculative movement of funds between currencies. The author also presents his own suggestions for reform of social security and health care. Again and again, Professor Tobin warns against blind faith that the markets will always produce optimal results. All those interested in the application of economic analysis and argument to the salient policy issues of our time will find these essays eminently readable and will appreciate the clear ways in which the power of economic analysis is explained and used.

Explaining the Economic Performance of Nations - Essays in Time and Space (Hardcover): Angus Maddison Explaining the Economic Performance of Nations - Essays in Time and Space (Hardcover)
Angus Maddison
R2,912 Discovery Miles 29 120 Shipped within 7 - 12 working days

Angus Maddison has made a major contribution to our understanding of the comparative, historical and quantitative aspects of economic growth. This important collection of his work - including a number of original new essays - offers an authoritative analysis of the economic performance of nations. Drawing extensively on quantitative and qualitative evidence, Professor Maddison provides a clear view of why growth rates differ, why real income and productivity spreads are so wide, and why the pace of growth has varied over time. The first section features essays which provide an analytical framework for causal analysis of growth performance, this is followed by papers on investment and capital stock estimation, savings behaviour and measurement of economic performance levels. There are three essays on the roots of economic `backwardness' and the final section deals with the effect of economic and social policy on the performance of advanced capitalist countries. These essays offer a depth of historical and interspatial perspective which is unrivalled. In addition to focusing on the influences of institutions, ideology and colonialism, Professor Maddison's analysis makes sophisticated use of the growth accounting approach. A specially-written autobiographical essay has also been included.

Economic and Industrial Performance in Europe - A Report Prepared for the Centre for Industrial Policy and Performance,... Economic and Industrial Performance in Europe - A Report Prepared for the Centre for Industrial Policy and Performance, University of Leeds (Hardcover)
David Coates
R2,547 Discovery Miles 25 470 Shipped within 7 - 12 working days

In Economic and Industrial Performance in Europe, a distinguished group of scholars compares the fortunes of different European nations in the period of economic restructuring, uncertainty, and generally slower economic growth that followed the oil crisis of the 1970s. Using meaningful quantitative data, the authors address the deterioration and divergence of economic performance across Europe since 1973. They look at attempts to improve domestic competitiveness, labour market deregulation, the impact of research and development on economic success, comparative analysis of state expenditure and debt, the military economy and the social consequences of industrialism and industrial restructuring. This volume seeks to show how the post-war boom has unravelled and how this process has impacted upon different European economies. Economic and Industrial Performance in Europe will be welcomed by students, researchers and policy makers seeking comprehensive, meaningful information on why some national economies have been better placed than others to shoulder the burden of the more intense, global competitive pressures that have become part of the post-1973 world economy.

The ECONOMICS OF AGEING (Hardcover, illustrated edition): John Creedy The ECONOMICS OF AGEING (Hardcover, illustrated edition)
John Creedy
R5,904 Discovery Miles 59 040 Shipped within 7 - 12 working days

The fundamental role of individual ageing is something that everyone is necessarily aware of, and the division of the life cycle into a number of distinct stages has been recognised for many centuries. This volume collects 32 articles concerned with a variety of economic aspects of individual and population ageing. They have been arranged under four main headings as follows: individual ageing and the life cycle; population ageing; ageing and social insurance; and macroeconomic effects. The editor has prepared a fresh introduction to accompany the piece which aims to set the context and discuss some of the major issues.

Time Series Analysis and Macroeconometric Modelling - The Collected Papers of Kenneth F. Wallis (Hardcover): Kenneth F. Wallis Time Series Analysis and Macroeconometric Modelling - The Collected Papers of Kenneth F. Wallis (Hardcover)
Kenneth F. Wallis
R2,800 Discovery Miles 28 000 Shipped within 7 - 12 working days

This major volume of essays by Kenneth F. Wallis features 28 articles published over a quarter of a century on the statistical analysis of economic time series, large-scale macroeconometric modelling, and the interface between them. The first part deals with time-series econometrics and includes significant early contributions to the development of the LSE tradition in time-series econometrics, which is the dominant British tradition and has considerable influence worldwide. Later sections discuss theoretical and practical issues in modelling seasonality and forecasting with applications in both large-scale and small-scale models. The final section summarizes the research programme of the ESRC Macroeconomic Modelling Bureau, a unique comparison project among economy-wide macroeconometric models. Professor Wallis has written a detailed introduction to the papers in this volume in which he explains the background to these papers and comments on subsequent developments.

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