Advanced Macroeconomics by Patrick Minford

Advanced Macroeconomics by Patrick Minford

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 accessible and informative book, 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 the efficient markets hypothesis with empirical applications including bond and exchange markets learning, time series-linear and nonlinear.

Patrick Minford, Professor of Applied Economics, Cardiff Business School, Cardiff University and David Peel, Professor of Economics, Lancaster University Management School, University of Lancaster, UK

SKU	Unavailable
ISBN 13	9781843760900
ISBN 10	1843760908
Title	Advanced Macroeconomics
Author	Patrick Minford
Condition	Unavailable
Binding Type	Paperback
Publisher	Edward Elgar Publishing Ltd
Year published	2002-10-29
Number of pages	560
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable