Tinbergen Lectures on Economic Policy

Abstract

Part 1 Six Tinbergen lectures on economic policy, A. Knoester and A.H.E.M. Wellink: on macroeconometrics, profitability and macroeconomic policy on privatization, economic growth and monetary policy. Part 2 Tinbergen and the Royal Netherlands Economic Association, A. Knoester and A.H.E.M. Wellink: the Royal Netherlands Economic Association Tinbergen's 1936 address to the Royal Netherlands Economic Association - the world's first empirical macroeconomic model reactions to Tinbergen's model at the 1936 annual meeting of the Royal Netherlands Economic Association Tinbergen's four other addresses to the Royal Netherlands Economic Association Tinbergen's 1936 model. Part 3 Tinbergen's work-change and continuity, J. Kol and P. de Wolff: areas of Tinbergen's work - change characteristics of Tinbergen's work - continuity concluding remarks. Part 4 Carrying forward the Tinbergen initiative in macroeconometrics, L.R. Klein. Part 5 Profitability and factor demands under uncertainty, E. Malinvaud: an overview the production function the demand function optimal behaviour comparative statics - the kinked demand curve comparative static - the linear demand curve concluding comments. Part 6 On the theory of macroeconomic policy, J. Tobin: Jan Tinbergen and the theory of policy applications in macroeconomics uncertainty about the effects of instruments pitfalls in policy exploitations of empirical regularities relations between qualitative and quantitative policies what can economists say about policy objectives? concluding remarks. Part 7 The principles of privatization in eastern Europe, J. Kornai: values the transformation's evolutionary nature and the role of the state types of owners domestic and foreign ownership the pace of privatization. Part 8 Policies for economic growth, R.M. Solow. Part 9 The recent failure of US monetary policy, M. Feldstein: targets for nominal GDP and the money stock why the Fed was not aggressive enough - managing short-term interest rates the Fed's lack of direct control of M2 the new bank requirements concluding thoughts.