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Klappentext In these two volumes, a group of distinguished economists debate the way in which evidence, in particular econometric evidence, can and should be used to relate macroeconomic theories to the real world. Topics covered include the business cycle, monetary policy, economic growth, the impact of new econometric techniques, the IS-LM model, the labor market, new Keynesian macroeconomics, and the use of macroeconomics in official documents. Zusammenfassung Since the middle of twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists, econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world.Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recent econometric techniques such as cointegration and unit roots.Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and EU).These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of other contributors on the methodological issues raised. Inhaltsverzeichnis 1: Introduction to volume II The IS-LM model 2: Alessandro Vercelli: The evolution of IS-LM models: empirical evidence and theoretical presuppositions 3: Christopher Sims: Wither IS-LM? 4(a): Richard G. Lipsey: IS-LM, Keynesianism and the new classicism 4(b): IS-LM: general discussion The labour market 5: Piero Ferri: Wage dynamics and the Phillips curve 6: Andrew J. Oswald and Philip A. Trostel: What can recent labour research teach us about macroeconomics? 7(a): Roger E. Backhouse: Theory, evidence and the labour market 7(b): Labour: general discussion New Keynesian economics 8: Demenico Delli Gatti and Roberto Tamborini: Imperfect capital markets: a new paradigm? 9: Huw D. Dixon: New Keynesian macroeconomics: the role of theory and evidence 10(a): Mark Blaug: Equity finance or internal funds? 10(b): New Keynesian economics: general discussion Macroeconomics in official documents 11: Thomas Meyer: Using government documents to assess the influence of academic research on macroeconomic theory 12: Ivo Maes: Macroeconomic thought at the European Commission in the first half of the 1980s 13(a): Daniel M. Hausman: In defense of two policy platitudes 13(b): Official documents: general discussion ...
