A core of practical macroeconomics

Article Abstract:

Macroeconomics has five major principles that are widely recognized. The practical principles are the result of many arguments on such topics as monetarism, Keynesianism amd neo-classical growth theory. The most basic principle concentrates on the supply aspects of the economy and long-term economic progress. The growth of labor output, over a long time, relies on technological innovations and increases in capital per hour of work.

Economic Views, Research, Analysis, Economic policy, Macroeconomics, Labor productivity, Supply-side economics

---

Public-policy uses of discrete-choice dynamic programming models

Article Abstract:

Discrete-choice dynamic programming models have been applied in the quantitative analyses of government policies, particularly health, welfare, educational employment, environmental, agricultural development and industrial policies. The model allows researchers to control the tractability of its parameters. Moreover, it permits exogenous variables and possible permanent heterogeneity.

Models, Usage, Econometrics, Dynamic programming, Policy sciences

---

Similar abstracts:

• Abstracts: The emergence of the development budget. New benchmarks of economic policy. A technique for determining land prices and planning stable land use
• Abstracts: The composition of government expenditure and its consequences for macroeconomic performance. Risk, the financial market, and macroeconomic equilibrium
• Abstracts: The theory of implementation when the planner is a player. Microeconomic foundations for the theory of international comparisons
• Abstracts: The impact of the demographic transition on capital formation. Generational accounting: a new approach to understanding the effects of fiscal policy on saving
• Abstracts: The role of exclusive territories in producers' competition. Is hospital competition wasteful?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.