A Critical Essay on Modern Macroeconomic Theory
| Author/creator | Hahn, Frank Author |
| Other author | Solow, Robert Author |
| Format | Electronic |
| Edition | Reprint |
| Publication Info | Cambridge : MIT Press |
| Description | 208 p. ill 09.000 x 06.000 in. |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Summary | Annotation In the early 1980s, rational expectations and new classical economics dominatedmacroeconomic theory. This essay evolved from the authors' profound disagreement with that trend. Itdemonstrates not only how the new classical view got macroeconomics wrong, but also how to go aboutdoing macroeconomics the right way.Hahn and Solow argue that what was originally offered as anormative model based on perfect foresight and universal perfect competition has been almostcasually transformed into a model for interpreting real macroeconomic behavior. After explainingmicroeconomic foundations, the authors introduce a better macro model, one that can say usefulthings about the fluctuation of employment, the correlation between wages and employment, and therole for corrective monetary policy. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9780262581547 |
| ISBN | 026258154X (Trade Paper) Active Record |
| Standard identifier# | 9780262581547 |
| Stock number | 00015994 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |