Keynesian economics, unemployment, and policy

Bibliographic Information

Keynesian economics, unemployment, and policy

edited by Roger E. Backhouse, Andrea Salanti

(Macroeconomics and the real world / edited by Roger E. Backhouse, Andrea Salanti, v. 2)

Oxford University Press, c2000

  • : hbk
  • : pbk

Available at  / 43 libraries

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Includes bibliographical references and index

Description and Table of Contents

Description

Since the middle of twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists, econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world. Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recent econometric techniques such as cointegration and unit roots. Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and EU). These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of other contributors on the methodological issues raised.

Table of Contents

  • 1. Introduction to volume II
  • THE IS-LM MODEL
  • 2. The evolution of IS-LM models: empirical evidence and theoretical presuppositions
  • 3. Wither IS-LM?
  • 4(a) IS-LM, Keynesianism and the new classicism
  • 4(b) IS-LM: general discussion
  • THE LABOUR MARKET
  • 5. Wage dynamics and the Phillips curve
  • 6. What can recent labour research teach us about macroeconomics?
  • 7(a) Theory, evidence and the labour market
  • 7(b) Labour: general discussion
  • NEW KEYNESIAN ECONOMICS
  • 8. Imperfect capital markets: a new paradigm?
  • 9. New Keynesian macroeconomics: the role of theory and evidence
  • 10(a) Equity finance or internal funds?
  • 10(b) New Keynesian economics: general discussion
  • MACROECONOMICS IN OFFICIAL DOCUMENTS
  • 11. Using government documents to assess the influence of academic research on macroeconomic theory
  • 12. Macroeconomic thought at the European Commission in the first half of the 1980s
  • 13(a) In defense of two policy platitudes
  • 13(b) Official documents: general discussion

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