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Description - Macroeconomics of Self-fulfilling Prophecies by Roger E. A. Farmer

This work argues for the future of macroeconomics as a branch of applied general equilibrium theory. The main theme is that macroeconomics is best viewed as the study of equilibrium environments in which the welfare theorems break down. This approach makes it possible to discuss the role of govenment policies in a context in which policy may serve some purpose. This edition has been updated to include problems at the end of each chapter and a discussion of research since the mid 1990s on business fluctuation in multi-sector models.

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Book Details

ISBN: 9780262062039
ISBN-10: 0262062038
Format: Hardback
(229mm x 159mm x 25mm)
Pages: 318
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 16-Jun-1999
Country of Publication: United States

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Author Biography - Roger E. A. Farmer

Roger Farmer is Assistant Professor of Economics at the University of Pennsylvania.

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