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Macroeconomics and the Real World: Volume 1: Econometric Techniques and Macroeconomics (Hardcover)
Loot Price: R4,539
Discovery Miles 45 390
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Macroeconomics and the Real World: Volume 1: Econometric Techniques and Macroeconomics (Hardcover)
Series: Macroeconomics and the Real World
Expected to ship within 12 - 17 working days
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Since the middle of the twentieth century, economists have invested
great resources into using statistical evidence to relate
macroeconomic theories to the real world, and many new econometric
techniques have been employed. In these two volumes, a
distinguished group of economic theorists, econometricians, and
economic methodologists examine how evidence has been used and how
it should be used to understand the real world. Volume 1 focuses on
the contribution of econometric techniques to understanding the
macroeconomic world. It covers the use of evidence to understand
the business cycle, the operation of monetary policy, and economic
growth. A further section offers assessments of the overall impact
of recent econometric techniques such as cointegration and unit
roots. Volume 2 focuses on the labour market and economic policy,
with sections covering the IS-LM model, the labour market, new
Keynesian macroeconomics, and the use of macroeconomics in official
documents (in both the USA and the EU). These volumes will be
valuable to advanced undergraduates, graduate students, and
practitioners for their clear presentation of opposing perspectives
on macroeconomics and how evidence should be used. The chapters are
complemented by discussion sections revealing the perspectives of
other contributors on the methodological issues raised.
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