scholarly journals Dynamic macroeconomics: Instability, fluctuation, and growth in monetary economies

1997 ◽  
Vol 34 (10) ◽  
pp. 141 ◽  
Keyword(s):  
Dynamic Macroeconomics ◽  
Monetary Economies

Introduction to Dynamic Macroeconomics

2020 ◽  
pp. 219-274
Author(s):  
Christopher Tsoukis
Keyword(s):  
Social Insurance ◽  
Market Equilibrium ◽  
Adjustment Costs ◽  
Order Conditions ◽  
User Cost ◽  
Ramsey Model ◽  
Intertemporal Optimization ◽  
Key Concepts ◽  
Dynamic Macroeconomics ◽  
Monetary Economies

This chapter offers an introduction to the methods and main models used in dynamic macroeconomics. After reviewing key concepts such as lifetime utility maximization and the period-by-period and intertemporal budget constraints, first-order conditions for intertemporal optimization (the Euler equation and the labour-leisure choice) are developed. These methods are applied in developing the workhorse Ramsey model, with discussion of related concepts such as dynamic efficiency and market equilibrium versus the command optimum. An extension of the Ramsey model incorporates adjustment costs in investment and develops the user cost of capital. Furthermore, the Sidrauski model, with its implications for monetary economies, is reviewed. Finally, the discussion turns to another workhorse dynamic model, the overlapping-generations model and its implications. As an application of this model, the properties of various methods of funding social insurance are discussed.

MONEY AND CREDIT REMIX

2020 ◽  
pp. 1-14
Author(s):  
Luis Araujo ◽  
Leo Ferraris
Keyword(s):  
Search Models ◽  
Monetary Economy ◽  
Monetary Economies

Money and credit are ubiquitous in actual economies, but there is an active theoretical debate on whether they are both necessary if they can both be used in all transactions. Recently, Gu et al. (2016) have shown that money and credit cannot be simultaneously essential and debt limits do not matter for the determination of real allocations in a class of monetary economies. In this paper, we revisit their irrelevance result in a monetary economy based on Lagos and Wright (2005), which exhibits a misallocation of liquidity that is common in search models of money. We show that monetary loans, which naturally require the use of both money and credit, implement Pareto superior allocations in which the size of debt limits matters.

PREDICTORS THAT LEADS TO SOCIO ECONOMIC SUCCESS OF LOCAL COMMUNITIES

2020 ◽  
Vol 8 (11) ◽  
pp. 62-79
Author(s):  
. Haudi ◽  
Khairi Aseh ◽  
Kamal Kenny ◽  
P. Ravindran Pathmathan
Keyword(s):  
Local Community ◽  
Local Population ◽  
Secondary Data ◽  
Local Communities ◽  
Face To Face ◽  
Subsistence Economies ◽  
Key Stakeholders ◽  
Data Compilation ◽  
Monetary Economies ◽  
Private And Public

In Malaysia, the infusion of private and public sectors has attributed to the nation’s socio-economic development as strengthen by the need to address the demands and challenges of the local community. These efforts will more likely provide several important ideas that would suffice related and relevant literatures, which will be used to develop a better socio-economic growth in Malaysia. In an economic sense, development entails the transformation of simple subsistence economies into complex monetary economies. In the process, an increase in the proportion of products that are sold or exchanged and a decline in the proportion of consumption may take place concurrently. The purpose of this study is to examine the socio-economic demands and gaps of the local population and to suggest assistance and interventions required. The overall results of this study reveal the challenges faced at the community level in the District of Kuala Lipis in the context of social and economy. This study was carried out via a structured survey throughout the district involving 300 respondents and also complemented with a face-to-face interview carried out with key stakeholders. The study findings were also supported with secondary data compilation of journals, articles and speeches.

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