The new classical approach to macroeconomics, which assumes that
people gather and use economic information efficiently, has been
the most important theoretical advance since the Keynesian
revolution of the 1930s. This hook surveys the major contributions
of the "second generation" of proponents of the new classical
approach, emphasizing real business cycle theories and applying
them to a variety of phenomena.
The chapters include expositions of growth theory, real models
of business fluctuations, the informational role of prices,
consumption, fiscal policy, rules versus discretion in monetary
policy, time consistency and policy, and monetary models. Although
the chapters are aimed at advanced undergraduate- and
graduate-level students, they will also be of interest to
researchers who are looking for a compact and original exposition
of the new classical macroeconomics.
General
| Imprint: |
Harvard University Press
|
| Country of origin: |
United States |
| Release date: |
July 1989 |
| First published: |
1989 |
| Editors: |
Robert J Barro
|
| Dimensions: |
235 x 155 x 29mm (L x W x T) |
| Format: |
Hardcover
|
| Pages: |
348 |
| ISBN-13: |
978-0-674-57860-9 |
| Categories: |
Books >
Business & Economics >
Economics >
General
|
| LSN: |
0-674-57860-0 |
| Barcode: |
9780674578609 |
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