What's right with macroeconomics?

Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It que...

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Main Author: Touffut, Jean-Philippe
Corporate Author: Edward Elgar Publishing
Other Authors: Solow, Robert M., Carlin, Wendy
Format: eBook
Language:English
Published: Northampton, Mass Edward Elgar Pub 2012
Series:Cournot centre series
Subjects:
Online Access:
Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
Summary:Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It questions how the field of economics - still reeling from the global financial crisis initiated in the summer of 2007 - will respond
chapter 1. The fireman and the architect / Xavier Timbeau -- chapter 2. Model comparison and robustness : a proposal for policy analysis after the financial crisis / Volker Wieland -- chapter 3. The 'hoc' of international macroeconomics after the crisis / Giancarlo Corsetti -- chapter 4. Try again, macroeconomists / Jean-Bernard Chatelain -- chapter 5. Economic policies with endogenous innovation and keynesian demand management / Giovanni Dosi ... [et al.] -- chapter 6. Booms and busts : new keynesian and behavioural explanations / Paul De Grauwe -- chapter 7. The economics of the laboratory mouse : where do we go from here? / Xavier Ragot -- chapter 8. Round table discussion : where is macro going? / Wendy Carlin, Robert J. Gordon and Robert M. Solow
Physical Description:xvi, 240 p ill
ISBN:9781781007402
9781781007396
9781781007440