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Money Employment and Inflation

Autor Robert J. Barro, Herschel I. Grossman
en Limba Engleză Paperback – 9 iul 2008
This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations. In the tradition of Keynes's General Theory of Employment, Interest and Money (published in 1936), and Patinkin's Money, Interest, and Prices, published in 1956 and revised in 1965, this book represents a third generation of macroeconomic theory. This book presents a comprehensive choice-theoretic analysis of the determination of the level of employment and the rate of inflation. A central feature of the book is the recasting of macroeconomic analysis in terms of a theory of exchange under non-market-clearing conditions. In addition, the analysis incorporates other aspects of the current reformulation of macroeconomic theory, including the relation between inflationary expectations, rates of return, and unemployment, the dynamics of aggregate demand, and the significance of incomplete information regarding the spatial distribution of wages and prices.
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Specificații

ISBN-13: 9780521068659
ISBN-10: 0521068657
Pagini: 280
Dimensiuni: 151 x 229 x 16 mm
Greutate: 0.41 kg
Ediția:1
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States

Cuprins

1. The basic model; 2. Output and employment under non market-clearing conditions; 3. Capital, financial assets and the rate of return; 4. Inflation and the rates of return; 5. Inflation and unemployment; 6. The dynamics of aggregate demand; 7. Output and employment with wage and price speculation.

Descriere

This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations.