Eléments de Macroéconomie

Keita, Moussa (2015): Eléments de Macroéconomie.

Abstract

This manuscript revisits some key concepts of traditional macroeconomics. In the first step, it proposes a discussion on the equilibrium conditions on the market of goods and services and on the market of money. And in the second step, a discussion is conducted on the general equilibrium the conditions created by the confrontation of the two markets by the mean of interest rate. This comparison is made in the ISLM models framework that allows to analyze the effects of various economic and monetary policies. The discussion was then extended to growth models in order to study the long-term equilibrium conditions and growth path of the economy.

• Item Type: MPRA Paper
• English Title: Elements of Macroeconomics
• Language: French
• Keywords: Macroeconomics, market of goods and services, market of money, Equilibrium,ISLM Model, Economic policies.
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

References

Aghion, P. and P. Howitt, (1999), “Endogenous Growth Theory”, MIT Press.

Barro, R. J. and Sala-i-Martin, X, (1995), “Economic Growth”, McGraw-Hill, New York.

Barro, R.J., (1990), “Government spending in a simple model of endogenous growth”, Journal of Political Economy, Vol. 98, No. 5, October, part II, pp. 103-125.

Barro, R.J., (1991), “Economic growth in a cross section of countries”, Quarterly Journanl of Economics, Vol. 151, pp. 407-443.

Blanchard, O. and D. Cohen, (2009), “Macroéconomie”, 5e édition, Pearson Education.

Blanchard, O. and Fischer, S., (1989), “Lectures on Macroeconomics, MIT Press.

Denison, E. (1967), “Why Growth Rates Differ”, Washington D.C., The Brookings Institution.

Friedman Milton, (1953), “The methodology of positive economics”, University of Chicago Press.

Friedman Milton, (1959), “A Program for Monetary Stability”, Fordham University Press.

Haavelmo, T., (1954), “A study in the theory of economic evolution”, North Holland, Amsterdam.

Hall, R., and Jones, C., (1999), “Why Do Some Countries Produce So Much More Output per Worker than Others ?”, Quarterly Journal of Economics, , 114(1), pp. 83-116.

Harrod, R.F., (1939), “An essay in dynamic theory”, The Economic Journal, vol. 49, No. 193, pp. 14-33.

Harrod, R.F., (1948), “Towards a dynamic economics”, MacMillan, Londres.

Harrod, R.F., (1961), “Politique monétaire et croissance économique”, Bulletin d’information et de document de la Banque de Belgique, octobre, pp.353-359.

Hicks, J.R., (1937), “Théorie mathématique de la valeur en régime de libre concurrence”, Hermann, Paris.

Hicks, J.R., (1939), “Value and Capital, Oxford University Press, Oxford.

Inada, K., (1963), “On a Two-Sector Model of Economic Growth : Comments and a Generalization”, The Review of Economic Studies, vol. 30, no.2, pp. 119-127.

Kaldor, N. (1961), “Economic growth and capital accumulation”, in F. Lutz et D. C. Hague, eds, The Theory of Capital, Macmillan, London.

Mankiw, N., Romer, D. et Weil, D. (1992), “A Contribution to the Empirics of Economic Growth”,Quarterly Journal of Economics, 107, pp. 407-37.

Mundell Robert, (1962) “The Appropriate Use of Monetary and Fiscal Policy under Fixed Exchange Rates”, International Monetary Fund Staff Papers, March 1962, p. 70-79.

Poole William, (1970) “Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model”, Quarterly Journal of Economics, vol. 84, p. 197-216.

Ramsey, F., (1928), “A Mathematical Theory of Saving”, Economic Journal, , 38, pp. 543-559.

Romer, P.M, (1990). “Endogenous Technological Change”, Journal of Political Economy, 98(5), ppS71-102.

Samuelson P. A. et Nordhaus W. D (1995) “Macro-économie”, Edition les Organisations.

Solow, R., (1956), “A Contribution to the Theory of Economic Growth”, Quarterly Journal of Economics,70, 65-94.

Solow, R., (1957), “Technical Change and the Aggregate Production Function”, Review of Economics and Statistics, 39, pp. 312-320.