Back-matter Paperback Re-issue In this book first published in 2010, Dr. Michael Patrick Amos presents a modern non-Walrasian open economy model. Within his theoretical framework, the author discusses in details the concept of public sector rationing in asset markets which he introduced in 1988 in his earlier book Macroeconomic Policy Analysis, Some of the distinguishing features of the present book are the specification of the optimization problem of the treasury, the central-bank, monetary union central-bank, the political machinery and the economists. The treasury's primary policy objectives are the derived utility functions of the households, the firms, the central-bank and the treasury. While, its preferences are to select an optimal portfolio of consumption , and assets. The enlarged menu of assets lets one look at common currency policy and its impact on the various markets, in economies populated with firms, households, treasury, central-bank, political...

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