Its relevance to economics has been examined by Livesey (1979) and Salmon and Young (1979). In a system which is poorly understood an 'optimal' policy may have very undesirable characteristics. To use the analogy of David Livesey, ...
Earnings-Replacement Rate of Old-Age Benefits, 1965-75, Selected Countries. Social Security Bulletin (January), Vol. 41, No. 1, 3-14, Table 1 - p. 4. Pechman, J., H. Aaron and M. Taussig (1968). Social Security: Perspectives for Reform.
Bringing together the proceedings of the 1979 and 1980 annual conferences of the Association of University Teachers of Economics the papers in this volume discuss: the effect of social security on private saving; an analysis of aggregate ...
A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory.
Macroeconomic measurement: national income accounting; Macroeconomic theory: determination of national income and output; Cycles, growth, and stabilization.
New material covers: government budget restraint; policy ineffectiveness; time inconsistency and rules versus discretion; deficits, debt and monetarist arithmetic; demand for money; exchange rates; new classical and Keynesian economics.