A Macroeconomics Reader

Book Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 8
Preface......Page 12
1 The development of modern macroeconomics......Page 14
Part I Keynesian economics and the Keynesian revolution......Page 40
Introduction......Page 42
2 Keynesian economics......Page 49
3 On different interpretations of the General Theory......Page 68
4 Keynes’s General Theory......Page 108
5 The fall and rise of Keynesian economics......Page 122
6 Price flexibility and output stability......Page 148
Part II The monetarist counterrevolution......Page 170
Introduction......Page 172
7 The role of monetary policy......Page 177
8 The structure of monetarism......Page 193
9 Monetarism......Page 229
10 The monetarist controversy revisited......Page 260
Part III The challenge of rational expectations and new classical macroeconomics......Page 276
Introduction......Page 278
11 After Keynesian macroeconomics......Page 283
12 A child’s guide to rational expectations......Page 308