| Description |
xvii, 512 pages : illustrations ; 23 cm |
| Contents |
11. Why Markets in Foreign Exchange Are Different from Other Markets / Neil Wallace. 12. International Coordination of Macroeconomic Policies: A Welfare Analysis / Preston J. Miller and Neil Wallace. 13. A Case for Fixing Exchange Rates / Arthur J. Rolnick and Warren E. Weber -- IV. Business Cycle Analysis. 14. Theory Ahead of Business Cycle Measurement / Edward C. Prescott. 15. Some Skeptical Observations on Real Business Cycle Theory / Lawrence H. Summers. 16. Response to a Skeptic / Edward C. Prescott. 17. Business Cycles: Real Facts and a Monetary Myth / Finn E. Kydland and Edward C. Prescott. 18. The Labor Market in Real Business Cycle Theory / Gary D. Hansen and Randall Wright. 19. Economic Fluctuations without Shocks to Fundamentals; Or, Does the Stock Market Dance to Its Own Music? / S. Rao Aiyagari -- V. Empirical Macroeconomics. 20. Why Is Consumption Less Volatile Than Income? / Lawrence J. Christiano |
|
21. Modeling the Liquidity Effect of a Money Shock / Lawrence J. Christiano |
|
I. The Rational Expectations Approach to Macroeconomic Policymaking. 1. After Keynesian Macroeconomics / Robert E. Lucas, Jr. and Thomas J. Sargent. 2. Rational Expectations and the Reconstruction of Macroeconomics / Thomas J. Sargent. 3. Time Consistency and Optimal Policy Design / V. V. Chari -- II. Monetary and Budget Policy Analysis in Closed Economies. 4. A Legal Restrictions Theory of the Demand for "Money" and the Role of Monetary Policy / Neil Wallace. 5. Some of the Choices for Monetary Policy / Neil Wallace. 6. Some Unpleasant Monetarist Arithmetic / Thomas J. Sargent and Neil Wallace. 7. Some Pleasant Monetarist Arithmetic / Michael R. Darby. 8. A Reply to Darby / Preston J. Miller and Thomas J. Sargent. 9. Intergenerational Linkages and Government Budget Policies / S. Rao Aiyagari. 10. Playing by the Rules: A Proposal for Federal Budget Reform / V. V. Chari and Preston J. Miller -- III. Monetary and Budget Policy Analysis in Open Economies |
| Analysis |
Macroeconomics |
|
Economic cycles |
|
Macroeconomic policy |
|
Macroeconomic theory |
|
Monetary policy |
|
Overseas item |
|
Rational expectations |
| Bibliography |
Includes bibliographical references (pages [483]-499) and index |
| Notes |
Also available online |
| Subject |
Macroeconomics.
|
|
Rational expectations (Economic theory)
|
| Author |
Miller, Preston J.
|
| LC no. |
93005815 |
| ISBN |
0262132974 |
|
0262631555 (paperback) |
|
