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Theory of Macroeconomic Policy (Paperback, 1)
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Theory of Macroeconomic Policy (Paperback, 1)
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Theory of Macroeconomic Policy reviews the theoretical foundations
of macroeconomic, fiscal, and monetary, policy. It offers a
panoramic view of macroeconomic theory, covering a wide range of
topics that are not customarily dealt with in macroeconomics texts,
as well as more standard material. Advanced theory is bridged with
more elementary or intermediate material, and established models
are reviewed alongside current research directions. There is an
extensive review of empirical evidence on virtually every topic,
supplemented by narrative accounts for various episodes. The policy
implications of the various theories are emphasised throughout. The
chapters are largely self-contained so that different courses can
focus at different places. A 'Guidance for Further Study' Section
and extensive bibliography give plenty of ideas for all levels of
independent study, from Undergraduate Projects to MSc Dissertations
to PhD Theses. Theory of Macroeconomic Policy presents a balance
between: breadth as well as depth; analytical treatment and
intuition; theory and evidence; vintage theories and current
directions; theory and policy; (established) theory and debate.
Theory of Macroeconomic Policy is an affirmation that there is a
well-developed body of theory that is invaluable for an in-depth
understanding of the macro-economy and policy; equally, there is
much scope for critical discussion and debate.
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