What's right with macroeconomics?
Author(s)
Bibliographic Information
What's right with macroeconomics?
（The Cournot Centre series）
Edward Elgar, c2012
- : cased
- : pbk
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
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.The contributors, nine highly-renowned macroeconomists, highlight the virtues of eclectic macroeconomics over an authoritarian normative approach, and illustrate that macroeconomic reasoning can still be a useful tool for carrying out practical policy analysis. As for emerging research programmes, their wide-ranging chapters remind us that there are positive approaches to and reasons to believe in old-fashioned macroeconomics.
This challenging and thought-provoking book will prove a stimulating read for researchers, academics and students of economics, as well as for professional economists.
Contributors include: W. Carlin, J.-B. Chatelain, G. Corsetti, P. De Grauwe, G. Dosi, G. Fagiolo,
R.J. Gordon, M. Napoletano, X. Ragot, A. Roventini, R.M. Solow, X. Timbeau, J.-P. Touffut, V. Wieland
Table of Contents
Contents:
Preface
About the Series:
Professor Robert M. Solow
Introduction: Passing the Smell Test
Robert M. Solow and Jean-Philippe Touffut
1. The Fireman and the Architect
Xavier Timbeau
2. Model Comparison and Robustness: A Proposal for Policy Analysis after the Financial Crisis
Volker Wieland
3. The 'Hoc' of International Macroeconomics after the Crisis
Giancarlo Corsetti
4. Try Again, Macroeconomists
Jean-Bernard Chatelain
5. Economic Policies with Endogenous Innovation and Keynesian Demand Management
Giovanni Dosi, Giorgio Fagiolo, Mauro Napoletano and Andrea Roventini
6. Booms and Busts: New Keynesian and Behavioural Explanations
Paul De Grauwe
7. The Economics of the Laboratory Mouse: Where Do We Go from Here?
Xavier Ragot
8. Round Table Discussion: Where is Macro Going?
Wendy Carlin, Robert J. Gordon and Robert M. Solow
Index
by "Nielsen BookData"
