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Record Nr. |
UNINA9910452346903321 |
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Autore |
Bénassy Jean-Pascal |
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Titolo |
Money, interest, and policy [[electronic resource] ] : dynamic general equilibrium in a non-Ricardian world / / Jean-Pascal Bénassy |
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Pubbl/distr/stampa |
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Cambridge, Mass., : MIT Press, c2007 |
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ISBN |
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1-282-09700-8 |
0-262-26808-6 |
9786612097003 |
1-4294-6553-0 |
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Descrizione fisica |
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1 online resource (215 p.) |
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Disciplina |
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Soggetti |
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Money - Mathematical models |
Equilibrium (Economics) - Mathematical models |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. [189]-194) and index. |
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Nota di contenuto |
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Introduction; Part I - Ricardian and Non-Ricardian Economies; 1 - The Ricardian Issue and the Pigou Effect; 2 - Pigou Reconstructed: The Weil Model; Part II - Interest, Prices, and Money; 3 - Liquidity Effects; 4 - Interest Rate Rules and Price Determinacy; 5 - Global Determinacy; 6 - Fiscal Policy and Determinacy; Part III - Optimal Policy; 7 - A Simple Framework for Policy Analysis; 8 - Government Information and Policy Activism; 9 - Fiscal Policy and Optimal Interest Rate Rules; 10 - Inflation and Optimal Interest Rate Rules; Bibliography; Index |
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Sommario/riassunto |
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An important recent advance in macroeconomics is the development of dynamic stochastic general equilibrium (DSGE) macromodels. The use of DSGE models to study monetary policy, however, has led to paradoxical and puzzling results on a number of central monetary issues including price determinacy and liquidity effects. In Money, Interest, and Policy, Jean-Pascal Benassy argues that moving from the standard DSGE models - which he calls "Ricardian" because they have the famous "Ricardian equivalence" property-to another, "non-Ricardian" model would resolve many of these issues. A Ricardian model represents a household as a homogeneous family of infinitely |
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lived individuals, and Benassy demonstrates that a single modification-the assumption that new agents are born over time (which makes the model non-Ricardian)-can bridge the current gap between monetary intuitions and facts, on one hand, and rigorous modeling, on the other.After comparing Ricardian and non-Ricardian models, Benassy introduces a model that synthesizes the two approaches, incorporating both infinite lives and the birth of new agents. Using this model, he considers a number of issues in monetary policy, including liquidity effects, interest rate rules and price determinacy, global determinacy, the Taylor principle, and the fiscal theory of the price level. Finally, using a simple overlapping generations model, he analyzes optimal monetary and fiscal policies, with a special emphasis on optimal interest rate rules. |
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2. |
Record Nr. |
UNINA9910765735803321 |
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Titolo |
The New Age of Russia : occult and esoteric dimensions / / edited by Birgit Menzel, Michael Hagemeister and Bernice Glatzer Rosenthal |
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Pubbl/distr/stampa |
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München, Germany : , : Verlag Otto Sagner, , [2012] |
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©2012 |
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Descrizione fisica |
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1 online resource (448 pages) : illustrations; digital, PDF file(s) |
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Collana |
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Studies on language and culture in Central and Eastern Europe ; ; 17 |
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Disciplina |
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Soggetti |
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New Age movement - Russia (Federation) |
Occultism - Russia (Federation). |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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Occult and esoteric ideas became deeply embedded in Russian culture long before the Bolshevik Revolution. After the Revolution, occult ideas were manifested in literature, the humanities and the sciences as well. Although the Soviet government discouraged and eventually prohibited metaphysical speculation, that same government used the Occult for its |
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own purposes and even funded research on it. In Stalin's time, occultism disappeared from public view, but it revived clandestinely in the post-Stalin Thaw and became a truly popular phenomenon in post-Soviet Russia. From cosmism to shamanism, from space exploration to Kabbalah, from neo-paganism to science fiction, the field is wide. Everyone interested in the occult and esoteric will appreciate this book, because it documents their continued importance in Russia and raises new issues for research and discussion. www.new-age-of-russia.com |
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