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01.Natural Resources in Ghana: Management, Policy and Economics
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Emerging Topics in Macroeconomics
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Editors: Richard O. Bailly
Book Description:
This new book is devoted to new research on macroeconomics which is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets.

While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income).

Macroeconomic models and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.

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Table of Contents:

Short Communications

Labour Supply Modelling in Sequential Computable General Equilibrium-Microsimulation Models, pp. 3-11
(Nicolas Herault, Melbourne Institute of Applied Economic and Social Research, The Univ. of Melbourne, Australia)

Nominal and Real Exchange Rate Fluctuations of Yen-Dollar Rates, pp. 13-27
(Shigeyuki Hamori, Faculty of Economics, Kobe Univ., Nada-Ku, Kobe, Japan)

Macroeconomics of Catastrophic Event Risks: Research Comes of Age, pp. 29-34
(David Kim, Dept. of Economics, Univ. of Sydney, Sydney, NSW, Australia, Inwon Jang, Dept. of Finance, Merrimack College, MA)

Research and Review Studies

Chapter 1. Scaling Distributions in Economics: The Size Distribution of Incomes, pp. 37-74
(Fabio Clementi, Dept. of Economics, Polytechnic Univ. of Marche, Ancona, Italy)

Chapter 2. Inflation Feedback Regulation under Demand Shocks and Uncertain Potential Macroeconomic Output, pp. 75-96
(Guillermo Fernandez-Anaya, J. Alvarez-Ramirez, Ingeniería Eléctrica Facultad de Ingeniería, Universidad Nacional Autónoma de México, México)

Chapter 3. The Paradigms War and the Two Ways of Economy Liberalising by F. List, pp. 97-124
(Dariusz Pienkowski, Univ. of Physical Education in Poznan, Poland)

Chapter 4. The Macroeconomic Dynamics of a Limited-Commitment Economy: How to Use Self-Enforcing Contracts to Deal with the Dynamics Puzzle, pp. 125-154
(Christian Calmes, Dept. des Sciences Administratives, Univ. du Quebec, Laboratory for Research in Statistics and Probability, Raymond Theoret, Dept. de Finance, Univ. du Quebec, Montreal)

Chapter 5. Inflation Targeting - The Monetary Strategy for Meeting the Criteria of Real and Nominal Convergence in Central and Eastern European Countries (Romania's Particular Case)
(Radulescu Magdalena, Faculty of Economic Studies, Univ. of Pitesti, Romania) (pp. 155-181)

Chapter 6. Dynamics of Complex Economic Systems: The Case of Romanian Economy, pp. 183-196
(Cornelia Scutaru, Institute for Economic Forecasting, Romanian Academy, Bucharest, Wassily Leontief, Oxford Univ. Press)

Chapter 7. Adopting the Flat Tax in Romania: From Oratory to Evidence, pp. 197-218
(Cristian Socol, Marinas Marius, Aura Socol, Academy of Economic Studies, Bucharest)

Chapter 8. A Keynesian Model of Endogenous Growth Cycle, pp. 219-249
(Toichiro Asada, Faculty of Economics, Chuo Univ., Higashinakano, Hachioji, Tokyo, Japan, Masahiro Ouchi, Faculty of Economics, Chuo Univ.)

Chapter 9. Macro Price Shocks and Nutrition in Sub-Saharan Africa, pp. 251-274
(Joseph M. Kargbo, Ameriprise Financial Services, Inc., RiverSource Life Insurance Company, Falls Church, Virginia)

Chapter 10. Green National Accounting: The Hicksian National Income of Cambodia, 1988-2004, pp. 275-301
(Nyda Chhinh, Faculty of Environmental Sciences, Royal Univ. of Phnom Penh, Cambodia, Philip Lawn, Faculty of Social Sciences, Flinders Univ., Adelaide, Australia)

Chapter 11. Analysis of Financial Instability by Means of Decision Trees and Lists, pp. 303-325
(Z. Diaz, Dept. of Financial Economics and Accounting I, Univ. Complutense de Madrid, Spain, A. Sanchis, Banco de Espana, Madrid, Spain, M.J. Segovia, Dept. of Financial Economics and Accounting I, Univ. Complutense de Madrid, Spain)

Chapter 12. Views from the Trenches: Interviewing Bank Officials in the Midst of a Credit Boom, pp. 327-342
(Neven Valev, Department of Economics, Andrew Young School of Policy Studies, Georgia State University, University Plaza, Atlanta, GA)


   Binding: Hardcover
   Pub. Date: 2009
   Pages: 7 x 10 362 pp.
   ISBN: 978-1-60692-093-0
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
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AV Available
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