Advanced Macroeconomics: A Primer
| By: | Patrick Minford, David Peel |
| Publisher: | Edward Elgar Publishing Inc. |
| Print ISBN: | 9781788970976 |
| eText ISBN: | 9781788970983 |
| Edition: | 2 |
| Copyright: | 2019 |
| Format: | Page Fidelity |
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Table of Contents
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.