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Palgrave Macmillan

Advances in Macroeconomic Theory

International Economic Association

  • Book
  • © 2001

Overview

Editors:
  1. Jacques Drèze

    1. CORE, Université Catholique de Louvain, Belgium

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Part of the book series: International Economic Association Series (IEA)

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Table of contents (17 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction: Advances and Challenges in Macroeconomics

    1. Introduction: Advances and Challenges in Macroeconomics

      • Jacques Drèze
      Pages 1-16

  3. The General Framework

    1. Front Matter

      Pages 17-17
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    2. From Neoclassical Growth Theory to New Classical Macroeconomics

      • Robert M. Solow
      Pages 19-29

    3. On the Macroeconomics of Uncertainty and Incomplete Markets

      • Jacques Drèze
      Pages 30-55

    4. Macroeconomic Frictions: What Have We Learned from the Real Business Cycle Research Programme?

      • Jean-Pierre Danthine, John B. Donaldson
      Pages 56-75

  4. Money and Finance

    1. Front Matter

      Pages 77-77
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    2. How the Rational Expectations Revolution has Changed Macroeconomic Policy Research

      • John Taylor
      Pages 79-96

    3. Monetary Policy in an Imperfect Information World

      • Bruce Greenwald, Michael Adler
      Pages 97-112

    4. Understanding Inflation: Implications for Monetary Policy

      • Stephen G. Cecchetti, Erica L. Groshen
      Pages 113-135

  5. Wages and Employment

    1. Front Matter

      Pages 137-137
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    2. Single-Peaked versus Diversified Capitalism: The Relation between Economic Institutions and Outcomes

      • Richard Freeman
      Pages 139-170

    3. Institutions, Restructuring and Macroeconomic Performance

      • Ricardo Caballero, Mohamad Hammour
      Pages 171-193

    4. Rigid Wages: What Have We Learnt from Microeconometric Studies?

      • Francis Kramarz
      Pages 194-216

  6. Econometrics

    1. Front Matter

      Pages 217-217
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    2. The Getting of Macroeconomic Wisdom

      • Adrian Pagan
      Pages 219-235

  7. Dynamics

    1. Front Matter

      Pages 237-237
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    2. Learning Dynamics: Complete and Incomplete Learning

      • Seppo Honkapohja
      Pages 239-254

    3. Standard-of-Living Aspirations and Economic Cycles*

      • David de la Croix
      Pages 255-282

  8. Development

    1. Front Matter

      Pages 283-283
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Keywords

About this book

Leading world scholars analyze a range of specific departures from general equilibrium theory which have significant implications for the macroeconomic analysis of both developed and developing economies. Jacques Drèze considers uncertainty and incomplete markets and Nobel Laureate Robert Solow relates growth theory to the macroeconomic framework. Other issues examined are the implications for macro-policy of new research, including Joseph Stiglitz's warning on the misplaced zeal for financial market liberalization which partly engendered the East Asian and Russian crises.

Editors and Affiliations

  • CORE, Université Catholique de Louvain, Belgium

    Jacques Drèze

About the editor

STEPHEN G. CECCHETTI Ohio State University, Columbus, Ohio RICARDO CABALLERO Massachusetts Institute of Technology, Cambridge, Massachusetts VITTORIO CORBO Universidad Catholica de Chile, Santiago DAVID DE LA CROIX Université Catholique de Louvain, Belgium JEAN-PIERRE DANTHINE Université de Lausanne, Switzerland JOHN B. DONALDSON Columbia University, New York WILLIAM EASTERLY The World Bank, Washington DC RICHARD FREEMAN Harvard University, Cambridge, Massachusetts BRUCE GREENWALD Columbia University, New York ERICA L. GROSHEN Bank for International Settlements, Basle, Switzerland MOHAMMED HAMMOUR DELTA-ENS, Paris, France SEPPO HONKAPOHJA University of Helsinki, Finland ROUMEEN ISLAM The World Bank, Washington DC FRANCIS KRAMARZ Centre de Recherche en Economie et Statistique, INSEE, Paris ADRAIN PAGAN Australian National University, Canberra, Australia DANNY QUAH London School of Economics and Political Science, UK CARLOS RODRIGUES CEMA University, Buenos Aires, Argentina ROBERT H. SOLOW Massachusetts Institute of Technology, Cambridge JOSEPH E. STIGLITZ Stanford University, USA JOHN TAYLOR Stanford University, Stanford CA, USA

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