The Energy Crisis and Macroeconomic Policy

Macroeconomic Management in Thailand The Policy-induced Crisis

The Current Macroeconomic Crisis

Professor Crotty once casually observed that in his view economics could not be properly thought of as a science. This paper investigates the implications of this view in light of the question of how the scienti…c method has recently contributed to the evolution of economic practice. It is argue that agent-based models might provide a platform for an integration of recent micro and macroeconomi...

Monetary Policy Effects on Energy Supply and Demand and Macroeconomic Variables with SUR

This paper uses from a New Keynesian model with microeconomic approach to survey effective channels of monetary policy in Iran on supply and demand of energy (oil and natural gas). This paper surveys effective factors on energy supply and demand in Iran and uses from data of 1969-2014 and SUR method for estimation. For analysis effects of energy price on macroeconomic variables from demand side...

Robustness and Macroeconomic Policy

This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several economists have advocated that when policymakers are uncertain about the environment they face and find it difficult to assign precise probabilities to the alternative scenarios that may characterize this environment, they should design policies to be robust in the sense that they mini...

Macroeconomic Policy and Performance