Theoretical foundations of macroeconomic policy: growth, productivity and public finance

In: Routledge frontiers of political economy 212

Abstract

pt. I. Theories -- 1. Optimal growth theory revisited / Olivier de la Grandville -- 2. Continuous-time approach modelling in an application to the Italian economy / Daniela Federici and Enrico Saltari -- 3. The role of demand factors in the determination of the GDP growth rate / Renato Paniccia and Stefano Prezioso -- 4. Financial crises, limited-asset market participation, and banks' balance-sheet constraints / Elton Beqiraj, Giovanni di Bartolomeo, and Marco di Pietro -- 5. Secular stagnation : insights from a New Keynesian model with hysteresis effects / Bas Van Aarle -- pt. II. Policies -- 6. Public finance and optimal inflation rate / Giovanni di Bartolomeo and Patrizio Tirelli -- 7. The long-term effects of government budget constraints on GDP growth : an empirical study on OECD countries (1980-2009) / Silvia Fedeli and Francesco Forte -- 8. On productivity as an intermediate target for economic policy / Andrew Hughes Hallett -- 9. Unifying framework for the evaluation of the composition of foreign exchange reserves for emerging economies : the case of South Africa / Lebogang Meteane and Willi Semmler -- 10. Search frictions and the long-run effects of labor-market policies / Giuseppe Ciccarone, Francesco Giuli, and Enrico Marchetti.