Macroeconomics at the Service of Public Policy

by Sargent, Thomas J.; Vilmunen, Jouko

• ISBN13: 9780198743767
• ISBN10: 0198743769
• Edition: Reprint
• Format: Paperback
• Copyright: 2015-11-10
• Publisher: Oxford University Press

Table of Contents

Introduction, Thomas J. Sargent and Jouko Vilmunen
Part 1: Financial Crisis and Recovery
1. Is the Market System an Efficient Bearer of Risk?, Kenneth Arrow
2. The European Debt Crisis, Hans-Werner Sinn
3. The Stagnation Regime of the New Keynesian Model and Recent US Policy, George Evans
Part 2: Learning, Incentives, and Public Policy
4. Notes on Agents' Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy, George Evans, Seppo Honkapohja and Kaushik Mitra
5. Learning and Model Validation: An Example, In-Koo Cho and Kenneth Kasa
6. Bayesian Model Averaging, Learning, and Model Selection, George Evans, Seppo Honkapohja, Thomas J. Sargent, and Noah Williams
7. History-Dependent Public Policies, David Evans and Thomas J. Sargent
8. Finite-Horizon Learning, William Branch, George Evans and Bruce McGough
9. Regime Switching, Monetary Policy, and Multiple Equilibria, Jess Benhabib
10. Too Many Dragons in the Dragons' Den, Martin Ellison and Chryssi Giannitsarou
11. The Impacts of Labor Taxation Reform Under Heterogeneous Domestic Labour Markets and Flexible Outsourcing, Erkki Koskela