The New Classical Macroeconomics

A Sceptical Inquiry
1. Auflage 1990
ISBN: 978-0-631-17263-5
Verlag: John Wiley and Sons Ltd

Buch, Englisch, 328 Seiten, Format (B × H): 152 mm x 228 mm, Gewicht: 472 g

The New Classical Macroeconomics gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models. In addition, the relationship of the new classical economics to monetarism and the Austrian school, with both of which it is often confused, it explored.

Autoren/Hrsg.

Hoover, Kevin D.

Inhaltsverzeichnis

List of Figures ix

Preface x

Part I Introduction 1

1 The Varieties of Macroeconomics 3

Part II The Labour Market and Business Cycles 21

2 Clearing Labour Markets 23

3 Market-clearing Models of the Business Cycle 38

Part III Monetary Theory and Policy 63

4 The Limits of Monetary Policy: Macroeconomic Models 65

5 The New Monetary Economics 87

6 Formal Models of Monetary Economies 111

7 The Limits of Policy: Micromodels 138

Part IV Econometric Issues 165

8 Econometrics and the Analysis of Policy 167

Part V The New Classical Methodology 211

9 Two Types of Monetarism? 213

10 An Austrian Revival? 231

Notes 258

References 284

Index 301

Über Autor(innen)

Kevin D. Hoover is Assistant Professor of Economics at the University of california, Davis. He was Heyworth Prize Research Fellow at Nuffield College, Oxford (1981-4), and has been a researcher and Visiting Economist at the Federal Reserve Bank of San Francisco.