ISBN:
9780444501578
Content:
The Handbook of Macroeconomics provides a survey of the state of knowledge in the broad area that includes the theories and facts of economic growth and economic fluctuations, as well as the consequences of monetary and fiscal policies for general economic conditions. Macroeconomic issues are central concerns in economics. Macroeconomics underwent a revolution in the 1970s and 1980s, because of the introduction of the methods of rational expectations, dynamic optimization, and general equilibrium analysis into macroeconomic models, to the development of new theories of economic fluctuations, and to the introduction of sophisticated methods for the analysis of economic time series. These developments were both important and exciting. However, the rapid change in methods and theories led to considerable disagreement, especially in the 1980s, as to whether there was any core of common beliefs, even about the defining problems of the subject that united macroeconomists any longer. The 1990s have also been exciting, but for a different reason. The modern methods of analysis have progressed to the point where they are now much better able to address practical or substantive macroeconomic questionswhether traditional, new, empirical, or policy-related.
In:
Handbook of macroeconomics, Amsterdam [u.a.] : Elsevier, 1999, (1999), Seite xi-xiii, 9780444501578
In:
0444501568
In:
0444501584
In:
9780444501561
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9780444501585
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year:1999
In:
pages:xi-xiii
Language:
English
DOI:
10.1016/S1574-0048(99)10018-1
URL:
Volltext
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