ISBN:
1137281839
,
9781137281838
Language:
English
Pages:
XVI, 177 S.
,
Ill.
Edition:
Online-Ausg.
Parallel Title:
Print version Money, capital formation and economic growth
Keywords:
Macroeconomics
;
Econometrics
;
Economic theory
;
Economic growth
;
Economics
Abstract:
This book proposes new methods of detecting causality among several dynamic variables and of estimating divisions of nominal income changes into changes in output and prices. Amano builds on established traditions of macro-dynamics and the theories of Keynes and Freidman, while providing innovative perspectives and important policy implications.
Abstract:
This book presents new methods for resolving important puzzles in macro-dynamic analysis: firstly detecting causal relations among changing dynamic variables; and secondly estimating the divisions of nominal income change into output change and price level change. The first topic is the basis of analysis of economic growth and business cycle phenomena, and as such has significant policy implications both in the medium and long term, for economic growth and development. The second topic is a quest for Milton Freidman's 'missing equations'; since this topic is vital for any analysis of inflation and output growth, and builds on Philips' curve phenomena, it will have important consequences for current policy discussions. Amano builds on careful empirical analyses, examining data from different countries and periods
Description / Table of Contents:
The "Missing Equations" for Postwar USA, UK and JapanEstimating the "Missing Equations" for Developing Countries -- A Quest for the "Missing Equations" in OECD Countries -- The NAIRU, Potential Output and the Kalman Filter: A Survey and Estimation -- The NAIRU, Potential Output and Okun's Law: Postwar USA, UK and Japan -- Finance and Growth: VARs with Cointegration for the USA, the UK and Japan -- Financial Structure and Economic Growth: The USA, UK and Japanese Experiences -- Has Growth Been Led by Investment or Exports? Prewar and Postwar USA, UK and Japan -- Investment, Exports and Growth: Evidence from Some Developing Countries.
Note:
Description based upon print version of record
DOI:
10.1057/9781137281838
URN:
10.1057/9781137281838
URL:
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