Money Employment and Inflation
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Money Employment and Inflation by Robert J. Barro
Book DescriptionThis 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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Book DetailsISBN: 9780521068659
(228mm x 152mm x 16mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Jul-2008
Country of Publication: United Kingdom
Books By Author Robert J. Barro
Education Matters, Hardback (August 2015)
Renowned economists Robert Barro and Jong-Wha Lee examine and establish the critical role that education in economic growth, fertility, and democracy. Engaging and informative,Education Matters is a compelling read for students, scholars, and anyone with a passion for education.
Crises of Governments, Paperback (November 2011)
Examines the causes and consequences of the financial crash. This title looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect can quickly wear off and the effect of the so-called stimulus packages can then be negative.
Economic Growth, Hardback (November 2003)
The long-awaited second edition of an important textbook on economic growth--a major revision incorporating the most recent work on the subject.
Nothing is Sacred, Paperback (September 2003)» View all books by Robert J. Barro
Essays by the influential--and controversial--macroeconomist Robert J. Barro.
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