Nicholas Kaldor

Nicholas Kaldor

Recent Books tensive list of key words in German, English, French, Spanish and Italian and a list of models by country. Policy in Developed Economies...

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tensive list of key words in German, English, French, Spanish and Italian and a list of models by country. Policy in Developed Economies. Michele U. Fratianni and Dominick Salvatore. Westport, CT: Greenwood Publishing Group, 1992.575 pp. $95.00 ISBN O-313-26869-X. This volume is the third in the series Handbook of Comparative Economic Policies. It describes and compares monetary policies in the U.S. and in other leading industrialized countries. Topics include monetary policy as it relates to the money supply process, economic activity, inflation, reputation and bank regulation; U.S. monetary policy from a historical perspective and in recent years; and monetary policy in each of the other six G-7 countries. Contributors include Keith Blackbum, Eduard J. Bomhoff, Michele U. Fratianni, Richard T. Froyen, Peter W. Howitt, Shinichi Ichimura, Manfred J.M. Neumann, Robert Rasche, and Jiirgen von Hagen. Monetary

Nicholas K&or. Ferdinando Target& New York, NY: Oxford University Press, 1992. 360 pp. $49.95 ISBN o-19-828348-2. This book examines the evolution of Kaldor’s thought from his time in the Austrian neoclassical school to his turn toward radical Keynesianism. It begins with facts on Kaldor’s life and moves on to his fields of work, including equilibrium, competition and capital theory; wages, speculation and interest; the trade cycle; theories of growth and the distribution of income; Kaldor’s ‘Iaws”; the interest rate, monetary policy, and the supply of money; and inflation and anti-inflation policies. The book concludes with a chapter on Kaldor’s method and vision of the world as well as a bibliography of his works from 1931 to 1986. Ferdinando Targetti is Professor of Economic Policy at Trento University. Expectations in Macroeconomic Moo!el.s. Paul Fisher. Dordrecht, The Netherlands: Kluwer Academic Publishers Group, 1992. 199 pp. $111.00 ISBN o-7923-1903-6. Fisher discusses tools required for solving, simulating and analyzing nonlinear econometric models with rational expectations of the future. He shows how the same experiments can be performed on a forward expectations model and on a conventional large-scale model, and he examines three large-scale U.K. models that use rational expectations. Chapters consider the following topics: solution methods for the terminal conditions, uniqueness and stability; experimental design and stochastic simulation; the role of the exchange rate; and control and policy analysis.


The Rules of the Game in the Global Economy: Policy Regimes for lnternational Business. Lee Preston and Duane Windsor. Dordrecht, The