Advanced Macroeconomics: A Primer, Second Edition

Advanced Macroeconomics: A Primer, Second Edition
ISBN-10
1788970985
ISBN-13
9781788970983
Series
Advanced Macroeconomics
Category
Macroeconomics
Pages
520
Language
English
Publisher
Edward Elgar Publishing
Authors
David Peel, Patrick Minford

Description

This is a newly revised second edition of a key macroeconomic textbook. After explaining the historical development of the subject, they show how rational expectations are handled in macro models. The importance of structural micro-founded models is explained, with key examples of such structural models examined in detail and with extensions to the open economy; policy implications are highlighted throughout. Methods for testing these models against macro data behaviour are explained, detailing the latest evidence on these models' success.

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