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Item type:Publication, Macroeconomía: enfoques y modelos. nuevos ejercicios resueltos: capítulos 10 y 11(Pontificia Universidad Católica del Perú. Departamento de Economía, 2002)The theory of economic policy and the new tendencies on macroeconomics are the two issues, which are illustrated with solved problems in this document. There are exercises on both approaches to economic policy: the traditional and the version based on rules. It is also included exercise related to the new Keynesian macroeconomics, the growth theory and real business cycle. This document is part of Macro 2 course and it is oriented to help the teaching and training in macroeconomics. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Macroeconomía: enfoques y modelos. Nuevos ejercicios resueltos: Capítulos 3, 4, 5 y 7(Pontificia Universidad Católica del Perú. Departamento de Economía, 2001)Keynesianism, monetarism and new classical macroeconomics are some issues discussed in this document. It contains several exercises which will permit differentiate these approach to macroeconomics. It also contains the methods for solving models with rational expectations. The content of this document belongs to the first part of Macro 2 course and it is oriented to help the teaching and training in macroeconomics in this university. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Macroeconomía: enfoques y modelos. Nuevos ejercicios resueltos: capítulo 9(Pontificia Universidad Católica del Perú. Departamento de Economía, 2002)This document contains exercises on open macroeconomics. There are several problems related to Mundell-Fleming model, the exchange rate dynamics and overshooting models with rational expectations. Its content is part of Macro 2 course and it is oriented to help the teaching and training in macroeconomics in this university. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Elementos de teoría y política macroeconómica para una economía abierta. Segunda parte: Capítulo 7(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)The seventh chapter presents the IS-LM model of simultaneous equilibrium in the goods and services market and the money market. IS-LM model determines the Aggregate Demand and, consequently, the level of output and employment, under the assumption of fixed prices or infinitely elastic Aggregate Supply. Then, it analyzes the effects of fiscal and monetary policies in the simultaneous equilibrium in both markets. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, La economía peruana del último medio siglo. Ensayos de interpretación.(Pontificia Universidad Católica del Perú. Centro de Investigaciones Sociológicas, Económicas, Políticas y Antropológicas - CISEPA, 2010)Contiene una recopilación de artículos del profesor publicados entre los años 1982 y 2000, en los cuales desde diversas entradas analiza las políticas económicas que han marcado el proceso económico peruano desde los años cincuenta hasta finales del siglo XX. Tres son los hitos que marcan este periodo: la política de sustitución de importaciones que formalmente se inició con la ley de industrialización de 1959 y se agotó en menos de veinte años; la crisis de este proceso y el derrumbe del producto bruto interno per cápita hasta los niveles registrados en los años 1959-1990, durante el primer gobierno de Alan Garcia (1985-1990); y la restauración del modelo primario exportador con la aplicación de políticas y reformas neoliberales desde los primeros años de la década de los noventa - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Crecimiento económico: enfoques y modelos. Capítulo 6 – Teoría del crecimiento dirigida por la demanda(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)This chapter contains several models of demand led growth. In the first section we present the model of Thirlwall (1979) which analyzes the restrictions that are imposed on economic growth by the balance of payments. In the second section, we present the model of investment led growth developed by Barbosa-Filho (1999). In the third section, we analyze the debate about the persistence of demand shocks in the long run and we develop the model of Dutt and Ros (2009). In the fourth section we introduce the model of wage led growth and profit led growth developed by Dutt and Ros (2007). Finally we present an alternative endogenous growth model developed by Bhaduri (2006). - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Elementos de teoría y política macroeconómica para una economía abierta. Cuarta parte: Capítulos 12, 13 y 14(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)The fourth part, which consists of three chapters (12, 13 and 14), deals with macroeconomic policy in a full employment context. It analyses the labor market and its relationship with Aggregate Supply; then it presents the IS-LM model including this relation; and investment-saving relation in a full employment context. The twelfth chapter develops the link between employment and output in a flexible price economy, by studying the labor market and the production function. The thirteenth chapter presents the complete IS-LM model. This is the neoclassical synthesis model with flexible prices and full employment. It incorporates the neoclassical production function and the equations of supply and demand for labor. The fourteenth chapter examines the income-expenditure equilibrium in the (neo) classical model with flexible prices, and the investment-saving equilibrium for an open economy. It also emphasizes the importance of the role played by the interest rate in a model where the aggregate levels of expenditure and output don’t change, due to the full employment assumption. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Elementos de teoría y política macroeconómica para una economía abierta. Quinta parte: Capítulos 15, 16 y 17(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)The fifth part, which consists of three chapters (15, 16 y 17), presents an introduction to the theory of economic growth. The fifteenth chapter presents a brief history of economic growth theory. Then, it analyzes the factors that determine the long-term behavior of aggregate and per capita output, and the main concepts of the theory of economic growth. The sixteenth chapter analyzes the Keynesian Harrod-Domar growth model and the neoclassical Solow growth model. These models were developed between the late thirties and the second half of the twentieth century. Both models assume the existence of dynamic long run equilibrium between savings and investment. The seventeenth chapter is an introduction to the theory of endogenous growth. In neoclassical growth models the growth of per capita output is explained by exogenous technological progress. The endogenous growth theory replaces the fundamental assumptions of the neoclassical growth theory to reach different conclusions and policy proposals. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Crecimiento económico: enfoques y modelos. Capítulo 5 – Teoría del crecimiento endógeno(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)In order to explain growth in per capita output, an exogenous technical change is introduced into the neoclassical models. The new growth theory emerges as a critical to this explanation and considers that technical change is an endogenous result. Hence, the new theory abandons the neoclassical production function and the decreasing marginal returns to capital. The first section of this chapter explains in more detail the emergence of the endogenous growth theory. In the second and third sections, we present the theories of endogenous growth of first and second generation. In the fourth section, we analyze the main theoretic tools used by the endogenous growth models: constant or increasing returns to scale, the introduction of education, job training and human capital, the development of new technologies, innovation and institutions. Finally, the fifth section revises the economic policy implications.2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Elementos de teoría y política macroeconómica para una economía abierta. Tercera parte: Capítulos 9 y 10(Pontificia Universidad Católica del Perú. Departamento de Economía, 2010)The third part, which consists of four chapters, presents the Mundell-Fleming model; the model of aggregate supply and demand; expectations and contracts as determinants of aggregate supply; the Phillips curve, and the model incorporating the Monetary Policy Reaction Function. The ninth chapter analyses the determination of production in the medium term. Based on the equilibrium in the markets of goods and money, it adds an Aggregate Supply curve to the analysis of Aggregate Demand in an open economy with free capital mobility. The tenth chapter is a review of both the short and the long term, and of the differences of the economic policy effects in both time horizons. It also includes the concept of expectations in economic as a foundation of a new short term positively sloped Aggregate Supply curve. Finally, the chapter presents the contractions and expansions of output gaps, and the transition from short to long term equilibrium.2