Transforming Modern Macroeconomics

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Transforming Modern Macroeconomics
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Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end
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A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications
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Assembling some of the leading figures in the field of macroeconomics, this text highlights the continuing influence of the ideas of Edmund Phelps since the ear
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In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement