An edition of Advances in monetary policy and macroeconomics
(2007)
Advances in Monetary Policy and Macroeconomics
by Philip Arestis and Gennaro Zezza
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In the post-war period, macroeconomic modeling of developed economies was mainly rooted in Keynesian theory up to the 1970s, when the failure of applied models in dealing with stagflation led to a shift in economic theory towards supply side models, rational expectations, optimizing behaviour et cetera Still, though, theoretical macroeconomic models are developed and discussed among economists of Keynesian persuasion. This book collects state-of-the-art results in what one may broadly label as Keynesian macroeconomic modeling, both on theoretical and empirical grounds.
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Advances in Monetary Policy and Macroeconomics
May 15, 2007, Palgrave Macmillan
Hardcover
in English
0230004946 9780230004948
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