Thomas J. Kehoe's Books

The Art of Occupation

Crime and Governance in American-Controlled Germany, 1944–1949

By: Thomas J. Kehoe

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The Art of Occupation

Crime and Governance in American-Controlled Germany, 1944–1949

By: Thomas J. Kehoe

The literature describing social conditions during the post–World War II Allied occupation of Germany has been divided between seemingly irreconcilable assertions of prolonged criminal chaos and narratives of strict martial rule that precluded crime. In The Art of Occupation, Thomas J. Kehoe takes a different view on this history, addressing this divergence through an extensive, interdisciplinary analysis of the interaction between military government and social order. Focusing on the American Zone and using previously unexamined American and German military reports, court records, and case files, Kehoe assesses crime rates and the psychology surrounding criminality. He thereby offers the first comprehensive exploration of criminality, policing, and both German and American fears around the realities of conquest and potential resistance, social and societal integrity, national futures, and a looming threat from communism in an emergent Cold War. The Art of Occupation is the fullest study of crime and governance during the five years from the first Allied incursions into Germany from the West in September 1944 through the end of the military occupation in 1949. It is an important contribution to American and German social, military, and police histories, as well as historical criminology.

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Page Count

389

Publisher

Ohio University Press

Published Date

ISBN 10

0821446819

ISBN 13

9780821446812

Recursive Macroeconomic Theory, third edition

By: Lars Ljungqvist,Thomas J. Sargent

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Recursive Macroeconomic Theory, third edition

By: Lars Ljungqvist,Thomas J. Sargent

A substantially revised new edition of a widely used text, offering both an introduction to recursive methods and advanced material. Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. Only experience in solving practical problems fully conveys the power of the recursive approach, and the book provides many applications. This third edition offers substantial new material, with three entirely new chapters and significant revisions to others. The new content reflects recent developments in the field, further illustrating the power and pervasiveness of recursive methods. New chapters cover asset pricing empirics with possible resolutions to puzzles; analysis of credible government policy that entails state variables other than reputation; and foundations of aggregate labor supply with time averaging replacing employment lotteries. Other new material includes a multi-country analysis of taxation in a growth model, elaborations of the fiscal theory of the price level, and age externalities in a matching model. The book is suitable for both first- and second-year graduate courses in macroeconomics and monetary economics. Most chapters conclude with exercises. Many exercises and examples use Matlab programs, which are cited in a special index at the end of the book.

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Page Count

1359

Publisher

MIT Press

Published Date

ISBN 10

0262312026

ISBN 13

9780262312028

Meltdown

The Classic Free-Market Analysis of the 2008 Financial Crisis

By: Thomas E. Woods

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Meltdown

The Classic Free-Market Analysis of the 2008 Financial Crisis

By: Thomas E. Woods

With a foreword from Ron Paul, Meltdown is the free-market answer to the Fed-created economic crisis. As the new Obama administration inevitably calls for more regulations, Woods argues that the only way to rebuild our economy is by returning to the fundamentals of capitalism and letting the free market work.

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Page Count

195

Publisher

Simon and Schuster

Published Date

ISBN 10

1596981067

ISBN 13

9781596981065

Rollback

Repealing Big Government Before the Coming Fiscal Collapse

By: Thomas E. Woods, Jr.

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Rollback

Repealing Big Government Before the Coming Fiscal Collapse

By: Thomas E. Woods, Jr.

The author of Meltdown analyzes the 2010 midterm elections and offers a game plan for rolling back what he sees as the liberal policies of President Obama and his Democrat-controlled Congress.

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242

Publisher

Regnery Publishing

Published Date

ISBN 10

1596981415

ISBN 13

9781596981416

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

By: Michael T. Gapen,Mr.Thomas F. Cosimano

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Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

By: Michael T. Gapen,Mr.Thomas F. Cosimano

This paper highlights the importance of debt composition in setting optimal fiscal and monetary policy over short-run business cycles and in the long run. Nominal debt as state-contingent debt can be a significant policy tool to reduce the volatility of distortionary government policy, thereby reducing macroeconomic volatility while increasing equilibrium output and consumption. The welfare gain from using nominal debt to hedge against shocks to the government budget is as large as the welfare gain from the ability to issue debt.

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Publisher

International Monetary Fund

Published Date

ISBN 10

1451875371

ISBN 13

9781451875379

Recursive Macroeconomic Theory, fourth edition

By: Lars Ljungqvist,Thomas J. Sargent

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Recursive Macroeconomic Theory, fourth edition

By: Lars Ljungqvist,Thomas J. Sargent

The substantially revised fourth edition of a widely used text, offering both an introduction to recursive methods and advanced material, mixing tools and sample applications. Recursive methods provide powerful ways to pose and solve problems in dynamic macroeconomics. Recursive Macroeconomic Theory offers both an introduction to recursive methods and more advanced material. Only practice in solving diverse problems fully conveys the advantages of the recursive approach, so the book provides many applications. This fourth edition features two new chapters and substantial revisions to other chapters that demonstrate the power of recursive methods. One new chapter applies the recursive approach to Ramsey taxation and sharply characterizes the time inconsistency of optimal policies. These insights are used in other chapters to simplify recursive formulations of Ramsey plans and credible government policies. The second new chapter explores the mechanics of matching models and identifies a common channel through which productivity shocks are magnified across a variety of matching models. Other chapters have been extended and refined. For example, there is new material on heterogeneous beliefs in both complete and incomplete markets models; and there is a deeper account of forces that shape aggregate labor supply elasticities in lifecycle models. The book is suitable for first- and second-year graduate courses in macroeconomics. Most chapters conclude with exercises; many exercises and examples use Matlab or Python computer programming languages.

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Page Count

1477

Publisher

MIT Press

Published Date

ISBN 10

0262038668

ISBN 13

9780262038669

Recursive Macroeconomic Theory

By: Lars Ljungqvist,Thomas J. Sargent

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Recursive Macroeconomic Theory

By: Lars Ljungqvist,Thomas J. Sargent

A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.

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1120

Publisher

MIT Press

Published Date

ISBN 10

026212274X

ISBN 13

9780262122740

Macroeconomic Consequences of Remittances

By: Connel Fullenkamp,Mr.Thomas F. Cosimano,Michael T. Gapen,Mr.Ralph Chami,Mr.Peter Montiel,Mr.Adolfo Barajas

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Macroeconomic Consequences of Remittances

By: Connel Fullenkamp,Mr.Thomas F. Cosimano,Michael T. Gapen,Mr.Ralph Chami,Mr.Peter Montiel,Mr.Adolfo Barajas

Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.

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International Monetary Fund

Published Date

ISBN 10

1589067010

ISBN 13

9781589067011

Frontiers of Business Cycle Research

By: Thomas F. Cooley

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Frontiers of Business Cycle Research

By: Thomas F. Cooley

This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t

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452

Publisher

Princeton University Press

Published Date

ISBN 10

069104323X

ISBN 13

9780691043234

The Strategy and Tactics of Pricing

New International Edition

By: Thomas T. Nagle,John Hogan,Joseph Zale

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The Strategy and Tactics of Pricing

New International Edition

By: Thomas T. Nagle,John Hogan,Joseph Zale

For undergraduate introduction to Market Pricing courses. A comprehensive and practical, step-by-step guide to pricing analysis and strategy development. The Strategy and Tactics of Pricing shows readers how to manage markets strategically—rather than simply calculate pricing based on product and profit—in order to improve their competitiveness and the profitability of their offers. The fifth edition contains a new chapter on price implementation and several updated examples on pricing challenges in today’s markets. Features: NEW! Show students how proper pricing can increase profitability—New Chapter on Price Implementation. A completely new chapter on implementing pricing strategy identifies the challenges involved in embedding strategic pricing principles within an organization. This chapter also describes how managers can lead a structured change process to build a more profitable commercial organization. NEW! Offer access to pricing software—Three-Month Trial of LeveragePoint Software. This edition is now available with software for creating and communicating economic value estimations systematically—from LeveragePoint Innovations Inc. While versions of this software that enable sharing require corporate contracts for access, versions for individual student and practitioner use are available without charge for three months with the purchase of The Strategy and Tactics of Pricing. NEW! Make pricing theory relative—Updated Examples of Pricing. Helping connect pricing theory to what students are familiar with, this edition includes updated examples with more topical illustrations of current pricing challenges such as: • iPhone pricing • New models for pricing music • Services pricing NEW! Present the latest information—Heavily Revised Chapters. The revised chapter on Pricing Policy provides a theoretically-grounded framework to describe specific policies for managing price changes for situations such as: -Cost-based price increases -Price reductions in a recession -Discounts The chapter on Value Creation now addresses the difference between how to consider value when it is driven by tangible monetary drivers (saving money on gas) versus the more subjective psychological drivers (doing the right thing for the environment). The chapter on Value and Price Communication has been substantially revised to describe how to communicate value in a wide variety of product and customer contexts. This chapter also demonstrates how to target communications to affect specific behaviors throughout the customer’s buying process. The chapter on Price Setting has been expanded to provide a robust process for setting prices that can be widely applied to consumer and business markets.

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478

Publisher

Routledge

Published Date

ISBN 10

1351969501

ISBN 13

9781351969505

Recursive Models of Dynamic Linear Economies

By: Lars Peter Hansen,Thomas J. Sargent

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Recursive Models of Dynamic Linear Economies

By: Lars Peter Hansen,Thomas J. Sargent

A guide to the economic modeling of household preferences, from two leaders in the field A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis. Hansen and Sargent unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linear-quadratic-Gaussian dynamic economies with complete markets. Their book, based on the 2012 Gorman lectures, stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations.

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418

Publisher

Princeton University Press

Published Date

ISBN 10

0691180733

ISBN 13

9780691180731

The Conquest of American Inflation

By: Thomas J. Sargent

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The Conquest of American Inflation

By: Thomas J. Sargent

In the past fifteen years, inflation has been conquered by many advanced countries. History reveals, however, that it has been conquered before and returned. In The Conquest of American Inflation, Thomas J. Sargent presents a groundbreaking analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural-rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Sargent begins with an explanation of how American policymakers increased inflation in the early 1960s by following erroneous assumptions about the exploitability of the Phillips curve--the inverse relationship between inflation and unemployment. In subsequent chapters, he connects a sequence of ideas--self-confirming equilibria, least-squares and other adaptive or recursive learning algorithms, convergence of least-squares learners with self-confirming equilibria, and recurrent dynamics along escape routes from self-confirming equilibria. Sargent synthesizes results from macroeconomics, game theory, control theory, and other fields to extend both adaptive expectations and rational expectations theory, and he compellingly describes postwar inflation in terms of drifting coefficients. He interprets his results in favor of adaptive expectations as the relevant mechanism affecting inflation policy. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists.

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165

Publisher

Princeton University Press

Published Date

ISBN 10

0691186685

ISBN 13

9780691186689

Setting Limits

Gambling, Science and Public Policy

By: Pekka Sulkunen,Thomas F. Babor,Jenny Cisneros Ornberg,Michael Egerer,Matilda Hellman,Charles Livingstone,Virve Marionneau,Janne Nikkinen,Jim Orford,Robin Room,Ingeborg Rossow

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Setting Limits

Gambling, Science and Public Policy

By: Pekka Sulkunen,Thomas F. Babor,Jenny Cisneros Ornberg,Michael Egerer,Matilda Hellman,Charles Livingstone,Virve Marionneau,Janne Nikkinen,Jim Orford,Robin Room,Ingeborg Rossow

Commercial gambling is a recent historical phenomenon. It has developed into a profitable industry that supplies a range of recreational activities to its customers, and is a significant way of collecting money from players to distribute to companies, state budgets, and other beneficiaries. Many of these are civil society organizations, using the money for producing services in sports, culture, social work, and health care. However, gambling can also develop into pathological behaviour. Using a public interest framework, this book discusses the policies that will best serve the public good and minimize individual and collective harms. After describing the historical context of the gambling and the current global burden of the activity, available methods of regulating the industry are evaluated using the available scientific evidence. By analysing the effectiveness of gambling policies and their alignment with the public interest, the epidemiological obstacles to successful regulation are considered in detail. There is good evidence for the effectiveness of restrictions on availability and access, but preventing gambling-related harm is not possible without limiting the overall volume of the activity, and hence the profits for the gambling industry and governments. Taking an international approach, this book delivers a comprehensive review of the epidemiological evidence documenting the harmful effects of gambling on individuals, communities, and societies. Essential reading for policymakers, social and behavioural scientists in gambling research, and public health researchers, Setting Limits examines a global view of an emerging epidemic of gambling problems.

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Page Count

218

Publisher

Oxford University Press

Published Date

ISBN 10

0192549472

ISBN 13

9780192549471

Book's by Thomas J. Kehoe

The Art of Occupation

The Art of Occupation

Recursive Macroeconomic Theory, third edition

Recursive Macroeconomic Theory, third edition

Meltdown

Meltdown

Rollback

Rollback

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

Recursive Macroeconomic Theory, fourth edition

Recursive Macroeconomic Theory, fourth edition

Recursive Macroeconomic Theory

Recursive Macroeconomic Theory

Macroeconomic Consequences of Remittances

Macroeconomic Consequences of Remittances

Frontiers of Business Cycle Research

Frontiers of Business Cycle Research

The Strategy and Tactics of Pricing

The Strategy and Tactics of Pricing

Recursive Models of Dynamic Linear Economies

Recursive Models of Dynamic Linear Economies

The Conquest of American Inflation

The Conquest of American Inflation

Setting Limits

Setting Limits

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