Monthly Current Affairs for IAS UPSC Preparation 2.This Page is dedicated to Monthly Current Affairs for IAS UPSC Preparation 2.With the way people generally study current affairs, a lot of them would find the above a tough nut to crack.The reason is that people focus on news not issues.But, as per the latest trend of Mains examination, UPSC focuses on issues, and not just news.With the present, 1st edition, we try to make you understand How to cover issues.The magazine contains very relevant questions from recent issues which is followed by a comprehensive analysis of the latest major issues. Make Money By Making Beats Exe . Since this is only a promotional magazine, we have not covered each and every issues.But from the next edition, we will be covering all the issues, major or minor, as well as news items from sources like The Hindu, Business Standard, Livemint, Indian Express etc.The magazine will be available monthly.Let us know how did you find the magazine.With your feedback, criticisms, appreciation and suggestions, we will be able to give you increasingly better content.Macroeconomics-2nd-Edition-Test-Bank-Elijah-James-510x600.jpg' alt='Macroeconomics For Today 7Th Edition Pdf' title='Macroeconomics For Today 7Th Edition Pdf' />For, we believe there is no end to perfection.We wish you benefit the most from our endeavour.Archives Click below to downloadMonthly Current Affairs 2.January. February.March. April May.June. July. August.September. Monthly Current Affairs 2.January. February.March April. May.June July. August.September. October.November. December.Monthly Current Affairs 2.December. November.Macroeconomics For Today 7Th Edition Pdf' title='Macroeconomics For Today 7Th Edition Pdf' />October.September. JuneJuly.August. Greg Mankiw Wikipedia.Nicholas Gregory Mankiw born February 3, 1.American macroeconomist and the Robert M.Beren Professor of Economics at Harvard University.Mankiw is best known in academia for his work on New Keynesian economics.Mankiw has written widely on economics and economic policy.A forum to get Current Affairs for IAS UPSC Exams 20162017.IASbabas Current Affairs analysis is a step towards simplifying the important issues.As of April 2. 01.Re. PEc overall ranking based on academic publications, citations, and related metrics put him as the 2.He was the 1. 1th most cited economist and the 9th most productive research economist as measured by the h index.In addition, Mankiw is the author of several best selling textbooks, writes a popular blog,5 and since 2.Sunday business section of The New York Times.A 2. Mankiw their second favorite living economist under the age of 6.Paul Krugman and just before Daron Acemoglu.Mankiw is a conservative891.Republican politicians.From 2. 00. 3 to 2.Mankiw was chairman of the Council of Economic Advisers under President George W.Bush. In 2. 00. 6, he became an economic adviser to Mitt Romney, and he worked with Romney during the presidential campaigns in 2.Early life and educationeditMankiw was born in Trenton, New Jersey.His grandparents were all Ukrainians.In his youth, he attended the Pingry School.In 1. 97. 5, he studied astronomy at the Summer Science Program.He graduated from Princeton Universitysumma cum laude in 1.Bachelor of Arts in economics.At Princeton, Mankiw was classmates with economist David Romer, who would later become a coauthor of his, and roommates with playwright Richard Greenberg.After college, Mankiw spent a year working on his Doctor of Philosophy at the Massachusetts Institute of Technology and a subsequent year studying at Harvard Law School.He worked as a staff economist for the Council of Economic Advisers from 1.After leaving the Council, he earned his Ph.D in economics from MIT in 1.Stanley Fischer. He returned to Harvard Law for a year but, having completed his Ph.D and realizing he was better at economics,1.MIT for a year and then became an assistant professor of economics at Harvard University in 1.He was promoted to full professor in 1.Academic writingseditMankiw is widely considered a New Keynesian economist,citation needed although at least one financial journalist says he resists such easy categorisation.Mankiw did important work on menu costs, which are a source of price stickiness.His paper Small Menu Costs and Large Business Cycles A Macroeconomic Model of Monopoly, published in the Quarterly Journal of Economics in 1.The paper concluded that expansion in aggregate demand may either increase welfare or reduce it, but the welfare reduction is never greater than the menu cost.A contraction in aggregate demand, however, reduces welfare, possibly in an amount much larger than the menu cost.Put another way, from a social planners point of view, prices may be stuck too high, but never too low.This paper was a building block for work by Olivier Blanchard and Nobuhiro Kiyotaki1.Laurence Ball and David Romer1.In 2. 00. 2, Mankiw and Ricardo Reis proposed an alternative to the widely used New Keynesian Phillips curve, based on the slow diffusion of information among the population of price setters.Their sticky information model displays three related properties that are more consistent with accepted views about the effects of monetary policy.First, disinflations are always contractionary although announced disinflations are less contractionary than surprise ones.Second, monetary policy shocks have their maximum impact on inflation with a substantial delay.Third, the change in inflation is positively correlated with the level of economic activity.Mankiw has written several papers on the empirical analysis of consumer behavior.An article coauthored with John Campbell in 1.An article coauthored with Stephen Zeldes in 1.Mankiws most widely cited paper is A Contribution to the Empirics of Economic Growth, coauthored with David Romer and David Weil and published in the Quarterly Journal of Economics in 1.The paper argues that the Solow growth model, once augmented to include a role for human capital, does a reasonably good job of explaining international differences in standards of living.This chapter provides our concluding thoughts on economic and political level developments amidst the Great European Crisis, as of early 2013.It describes an. According to Google Scholar, it has been cited more than 1.Mankiw has also written several notable papers outside of macroeconomics.In 1. 98. 9, he coauthored a paper with David Weil examining the demographic determinants of housing demand and predicting that the aging of the baby boomers would undermine the housing market in the 1.In 1. 98. 6, he coauthored a paper with Michael Whinston in microeconomic theory showing that, under imperfect competition, entry tends to be excessive in homogeneous goods industries because entrants fail to take into account the business stealing externality they impose on their rivals when goods are heterogeneous, it is ambiguous whether free entry produces too many or too few firms because of offsetting business stealing and product variety externalities.TextbookseditMankiw has written two popular college level textbooks the intermediate level Macroeconomics now in its 9th edition, published by Worth Publishers and the more famous introductory text Principles of Economics now in its 8th edition, published by Cengage Learning.Subsets of chapters from the latter book are sold under the titles Principles of Microeconomics, Principles of Macroeconomics, Brief Principles of Macroeconomics, and Essentials of Economics.This book was signed for a record advance.The New York Times reported in 1.Mankiw was offered a 1.Harcourt Brace in Fort Worth to write a basic economics textbook.Thats about three times as big as any other in the college textbook market and rivals those of all but a few celebrity authors.When the first edition of the Principles book was published in 1.The Economist magazine wrote,2.Mr. Mankiw has produced something long overdue an accessible introduction to modern economics.By writing more in the style of a magazine than a stodgy textbook and explaining even complex ideas in an intuitive, concise way, he will leave few students bored or bewildered.Most refreshing, though, is the books even handedness.Mr Mankiw seems to revel in setting out how different schools of thought have contributed to economists current state of knowledge.Since then, more than one million copies have been sold, and Mankiw has received an estimated 4.Other career activitieseditIn May 2.President George W.Bush appointed Mankiw as Chairman of the Council of Economic Advisers.Mankiw served in that post from 2.Harvey S. Rosen and then Ben Bernanke.While CEA chair, Mankiw was part of a Bush administration effort seeking greater oversight of the government sponsored enterprises, Fannie Mae and Freddie Mac.In a November 2. 00.The enormous size of the mortgage backed securities market means that any problems at the GSEs matter for the financial system as a whole.This risk is a systemic issue also because the debt obligations of the housing GSEs are widely held by other financial institutions.The importance of GSE debt in the portfolios of other financial entities means that even a small mistake in GSE risk management could have ripple effects throughout the financial system.The proposed regulatory reforms were not passed into law until years later, when the financial crisis of 2.After leaving the CEA, Mankiw resumed teaching at Harvard, taking over one of the most popular classes at Harvard College, the introductory economics course Ec 1.Martin Feldstein.He has become an influential figure in the blogosphere and online journalism since launching his eponymous blog.The blog,5 originally designed to assist his Ec.Subtitled Random Observations for Students of Economics, it was ranked the number one economics blog by US economics professors in a 2.In November 2. 00.Mankiw became an official economic adviser to then Massachusettsgovernor.Mitt Romneys political action committee, Commonwealth PAC.In 2. 00. 7, he signed on as an economic adviser to Romneys presidential campaign.He continued in that role during Romneys 2.From 2. 01. 2 to 2.Mankiw served as chairman of the Harvard economics department.In February 2. 01.Mankiw publicly supported legal recognition for same sex marriage in an amicus brief submitted to the U.S. Supreme Court.Mankiw is a trustee of the Urban Institute.
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