Evaluating Policy Regimes: New Research in Empirical MacRoeconomics

摘要: Economists have long debated the theoretical merits - for an individual nation and a multi-nation world economy of alternative approaches to conduct economic policy. Yet theory alone cannot resolve important issues at stake. Only after robustness policy regimes has been examined with empirical evidence will policymakers economists be able reach more consensus. This book makes move towards meeting need combination evaluation regimes. Many parts use analytical techniques stochastic simulation, procedure increasingly employed frontier analysis. is another installment in continuing worldwide research project, sponsored by Brookings since mid-1980s, improve knowledge about interdependence national economics. Previous volumes include "Macroeconomic Policies Interdependent World", "External Deficits Dollar: Pit Pendulum", "Empirical Macroeconomics Economies".