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Full Description
Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on.
With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making.
Contents
Section 3: Financial-Real Connections
17. Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises
18. Housing and Credit Markets: Bubbles and Crashes
19. Macro, Money and Finance: A Continuous-Time Approach
20. Housing and Macroeconomics
21. Term Structure of Uncertainty in the Macroeconomy
22. Quantitative Models of Sovereign Debt Crises
Section 4: Models of Economic Growth and Fluctuations
23. Families in Macroeconomics
24. Environmental Macroeconomics
25. The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics
26. Neoclassical Models in Macroeconomics
27. Macroeconomics of Persistent Slumps
28. Macroeconomics and the Labor Market
Section 5: Macroeconomic Policy
29. Challenges for Central Banks’Macro Models
30. Liquidity requirements, liquidity choice and financial stability
31. Understanding Inflation as a Joint Monetary-Fiscal Phenomenon
32. Fiscal Multipliers: Liquidity Traps and Currency Unions
33. What Is a Sustainable Public Debt?
34. The Political Economy of Government Debt
