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This textbook surveys the current state of macroeconomics analyzing and comparing alternative approaches to the subject.
The book is divided into six parts. The first is introductory and gives the general background necessary for a deeper understanding of the recent debates under discussion. It focuses on schools of thought which have been prominent in macroeconomics over the last two decades.
The second part looks at the rational expectations controversy which is still a crucial battleground in macroeconomics. The third part examines another issue which has been at the centre of macroeconomic debate since the early 70s: the explanation and control of economic fluctuations.
The fourth part explores two important topics with particular attention to empirical evidence: wage-determination and inflation. The nexus between data and macroeconomic theory raises many methodological problems, some of which are discussed in part five.
The final part is a critical appraisal of the conceptual links among the chapters of this volume.
Macroeconomics A Survey of Research Strategies
by Vercelli, Alessandro; Dimitri, NicolaFormat: Hardcover
Pub. Date: 1993-02-11
Publisher(s): Oxford University Press
Availability: This title is currently not available.
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Summary
Table of Contents
| List of Contributors | |
| Introduction | |
| Keynesian Macroeconomics: Foundations and Prospects | |
| The Unification of Macroeconomics | p. 3 |
| Keynesian Economics: Past Confusions, Future Prospects | p. 16 |
| Methodological Issues and the New Keynesian Economics | p. 38 |
| Notes on the Non-Walrasian Approach to Macroeconomics | p. 87 |
| The Rational Expectations Controversy | |
| Expectations in Macroeconomics and the Rational Expectations Debate | p. 129 |
| The Convergence of Vector Autoregressions to Rational Expectations Equilibria | p. 139 |
| Economic Fluctuations: Endogenous v. Exogenous Explanations | |
| Real Business Cycle Theories | p. 167 |
| Equilibrium Models of Endogenous Fluctuations: An Introduction | p. 183 |
| Nonlinear Economic Dynamics and Chaos: An Introduction | p. 236 |
| Adaptive, Neoclassical Model of Growth Fluctuations | p. 292 |
| Wage Determination and Inflation | |
| Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries | p. 321 |
| Notes on Very High Inflation and Stabilization | p. 335 |
| Empirical Evidence and Induction | |
| Assessing Empirical Evidence in Macroeconometrics with an Application to Consumers' Expenditure in France | p. 363 |
| Causality and Economic Analysis: A Survey | p. 393 |
| A New Approach to Economic Analysis: Computational Economics | p. 422 |
| Epilogue | p. 445 |
| Issues in Contemporary Macroeconomics | |
| Author Index | p. 463 |
| Subject Index | p. 468 |
| Table of Contents provided by Blackwell. All Rights Reserved. |
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