Suchergebnisse

Introduction -- The global ecosystem -- The government sectors -- The household sectors' initial choices -- The nonrenewable resource industry -- The capital goods industry -- The consumption goods industry -- The renewable resource industries -- The banking sectors -- Summary of production, employment, wages and prices -- Conventional and green measures of income and product -- Nonbank sectors revisited -- World's financial markets -- Implications of the world's cash flow constraints -- End of period stocks -- Alternative central bank policies -- Technical change and public policies -- Summary and conclusions

1. Conventional Macro Models and Aggregate Economic Choice -- An Overview of the Book -- 2. The Basic Structure -- Government Sector -- Household Sector -- Nonfinancial Business Sector -- Private Financial Sector -- Central Bank -- The Open-Economy Model -- 3. The Household Sector in the Simple Model -- Formal Model of the Household Sector -- 4. The Nonfinancial Business Sector in the Simple Model -- The Anticipated Current Revenue Function -- Next Period's Anticipated Revenue Function -- The Business Sector's Optimizing Problem at Time t -- First-order Necessary Conditions -- Conditions for Liquidation -- Response Functions of the Business Sector as a Going Concern -- 5. National Product and the Dynamic Properties of the Simple Model -- Derivation of Walras' Law in a Setting without Market-Clearing -- The Discrepancy between the Business Sector's Desired and Actual Cash Balances -- National Income and Product -- Specification of the Complete Model -- Some Implications of the Model -- The Conventional Approach to Introducing Government Activity -- 6. Government Activity and Aggregate Economic Choice -- The Government Sector -- Modifications of Household Sector Behavior -- Modifications of Business Sector Behavior -- National Product and Economic Fluctuations -- Some Implications of the Model -- 7. The Government Sector in the Expanded Model -- Formal Model of Government Activity -- 8. Household Sector Behavior in the Expanded Model -- Formal Model of Household Behavior -- First-Order Conditions -- Household Sector's Decision Variables -- 9. The Nonfinancial Business Sector in the Expanded Model -- Formal Model of the Nonfinancial Business Sector -- 10. The Private Financial Sector -- Formal Model of the Private Financial Sector -- Implications for Private Financial Sector Behavior -- 11. The Central Bank -- Formal Model of Central Bank Behavior -- Answers to Criticisms of Profit-Maximization and a Reliance Upon Discounting -- Conclusion -- 12. The Complete Model of a Closed Economy -- Formal Specification of the Complete Model -- 13. Model of a Large Open Economy -- The Government Sector -- The Household Sector -- The Nonfinancial Business Sector -- The Private Depository Institutions -- The Complete Model of a Large Open Economy -- Impacts of Changes in Selected Foreign Parameters upon the Domestic Economy -- 14. Conclusion.