Handbook of Macroeconomics (Volume 1A)
Handbook of MacroeconomicsAuthor(s): John B. Taylor, Michael Woodford\nFormat: Hardback\nPublisher: Elsevier Science & Technology, United States\nImprint: North-Holland\nISBN-13: 9780444501561, 978-0444501561\nSynopsis\nThis handbook aims to provide a survey of the stet of knowledge in the broad area that includes the theories and facts of economic growth and economic fluctuations, as well as the consequences of monetary conditions. Macroeconomics underwent a evolution in the 70s and 80s due to the introduction of the methods of rational expectations, dynamic optimization, and general equilibrium analysis into macroeconomic models, to the development of new theories of economic fluctuations, and to the introduction of sophisticated methods for the analysis of economic time series. These developments were both important and exciting. However, the rapid change in methods and theories led to considerable-disagreement, especially in the 80s, as to whether there was any core of common.
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