This textbook enables readers to understand the current debate amongst macroeconomists by examining the major theoretical controversies that have raged in macroeconomics since the publication of Keynes's General Theory.
|Product dimensions:||6.00(w) x 9.00(h) x 0.92(d)|
Table of Contents
Part I: Keynes versus the Classics: Will Money-Wage Cuts Remove Unemployment?.
1. The Classical Model.
2. Keynes's General Theory.
Part II: Was Keynes's General Theory Simply a Special Case of the Classical Model?.
3. Special cases of the IS-LM Model and the Neoclassical Synthesis.
4. The Re-interpretation of Keynes.
Part III: Does Fiscal Policy Really Matter? The Crowding-out Debate:.
5. Wealth Effects and the Government Budget Identity.
Part IV: Inflation and Unemployment: Is there a Trade-off?.
6. Inflation and Unemployment.
Part V: Does Macroeconomic Policy Really Matter?.
7. The New Classical Macroeconomics: An Introduction.
8. The New Classical Macroeconomics: Some Responses.
Part VI: The Open Economy: The Consequences of Exchange Rate Regimes for Domestic Stabilization:.
9. The Open Economy: An Introduction.
10. The IS-LM Model of a Small Open Economy.
11. Stock-flow Equilibrium in the Open Economy.
12. Prices, Exchange Rates and Policy.