Macroeconomic Theory and Macroeconomic Pedagogy
Giuseppe Fontana, Mark Setterfield
Palgrave Macmillan, Aug 15, 2009 - Business & Economics - 272 pages
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.
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Teaching Intermediate Macroeconomics using
List of Figures
the role of the slope of the S curve
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aggregate demand analysis approach Arestis argued asset prices bank's behaviour business cycle capacity utilization capital Carlin and Soskice central bank changes commercial banks Consensus model credit crunch demand for money determined economic activity economy effects endogenous money equation equilibrium level exchange rate exogenous federal funds rate Figure firms framework income increase inflation rate inflation target investment IS-LM Journal of Economic Keynes labour market Lavoie level of output LM curve loans long-run mark-up market equilibrium Minsky Minsky's monetary policy money supply NAIRU natural rate neoclassical nominal interest rate optimal outcome output and inflation output gap period Phillips curve policy rate policy-makers price level problem rate of inflation rate of interest rate of unemployment rational expectations reaction function real interest rate real rate real wage rise risk premium role sector shift supply shock Taylor rule teaching term textbook theory tion unexpected inflation variables Wicksellian zero