Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

Advanced macroeconomics - a primer

Minford, Anthony Patrick Leslie and David, Peel 2002. Advanced macroeconomics - a primer. Edward Elgar Publishing Ltd.

Full text not available from this repository.

Abstract

Since the rational expectations revolution in macroeconomics, the subject has changed massively, adopting the principles behind the revolution and building on them in a spectacular way. In this text, the authors guide the student through what has become the conceptual and mathematical maze of modern macroeconomics. It is intended primarily for the postgraduate student but will also be useful for upper level undergraduates. It explains the basics of each topic and provides a solid grounding for the student to tackle more complex and detailed material in the area. The topics covered include: an introduction to the traditional macro-classical macro/adaptive expectations; how to understand and solve standard macro models with rational expectations; implications of rational expectations for monetary and fiscal policy; the open economy; the new models of representative agents and real business cycles; the political economy of economic policy (the "political business cycle") and independent central banks; the supply-side, unemployment and growth; empirical testing of the rational expectations hypothesis; and the efficient markets hypothesis with empirical applications including bond and exchange markets.

Item Type: Book
Book Type: Authored Book
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Publisher: Edward Elgar Publishing Ltd
ISBN: 9781840640908
Related URLs:
Last Modified: 04 Jun 2017 04:04
URI: http://orca-mwe.cf.ac.uk/id/eprint/32159

Citation Data

Cited 53 times in Google Scholar. View in Google Scholar

Actions (repository staff only)

Edit Item Edit Item