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Recent Developments in Macroeconomics

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  • Fischer, Stanley
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    Abstract

    Underlying the existence of macroeconomics as a separate field of study are the phenomena of economy-wide fluctuations of output and prices, and sometimes persistent high levels of unemployment. Two basic views of macroeconomic behavior have persisted even as conceptual innovati ons and the application of more powerful analytic and empirical techn iques have brought significant changes in understanding of the macroe conomy. Copyright 1988 by Royal Economic Society.

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    Bibliographic Info

    Article provided by Royal Economic Society in its journal The Economic Journal.

    Volume (Year): 98 (1988)
    Issue (Month): 391 (June)
    Pages: 294-339

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    Handle: RePEc:ecj:econjl:v:98:y:1988:i:391:p:294-339

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    Cited by:
    1. Hélène Zajdela & Thierry Laurent, 1999. "Emploi, salaire et coordination des activités," Cahiers d'Économie Politique, Programme National Persée, vol. 34(1), pages 67-100.
    2. Meijdam, A.C. & Stratum, R. van, 1990. "Dynamic adjustment and debt accumulation in a small open economy," Open Access publications from Tilburg University urn:nbn:nl:ui:12-381406, Tilburg University.
    3. Gary Solon & Robert Barsky & Jonathan A. Parker, 1992. "Measuring the Cyclicality of Real Wages: How Important is Composition Bias," NBER Working Papers 4202, National Bureau of Economic Research, Inc.
    4. Perry, Bryan & Phillips, Kerk L. & Spencer, David E., 2012. "Real wages and monetary policy: A DSGE approach," MPRA Paper 36995, University Library of Munich, Germany.
    5. Carlos Borondo, 1994. "La rigidez nominal de los precios de la Nueva Economía Keynesiana: una panorámica," Investigaciones Economicas, Fundación SEPI, vol. 18(2), pages 245-288, May.
    6. Finn E. Kydland & Edward C. Prescott, 1993. "Cyclical movements of the labor input and its implicit real wage," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 12-23.
    7. Radu Vranceanu & François Contensou, 1996. "Structure de coût généralisée et horaire optimal," Économie et Prévision, Programme National Persée, vol. 125(4), pages 37-50.
    8. Sebastian Edwards, 1994. "Trade and Industrial Policy Reform in Latin America," NBER Working Papers 4772, National Bureau of Economic Research, Inc.
    9. Silva Lopes, Artur, 1994. "A "hipótese das expectativas racionais": teoria e realidade (uma visita guiada à literatura até 1992)
      [The "rational expectations hypothesis": theory and reality (a guided to
      ," MPRA Paper 9699, University Library of Munich, Germany, revised 23 Jul 2008.
    10. Dimelis, Sophia P., 2001. "Inventory investment over the business cycle in the EU and the US," International Journal of Production Economics, Elsevier, vol. 71(1-3), pages 1-8, May.
    11. Tobias F. Rötheli, 1990. "Money Supply and Money Demand Determinants of Swiss Inflation," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(I), pages 1-15, March.
    12. Visser, H., 1989. "Rational expectations and new classical macroeconomics," Serie Research Memoranda 0008, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    13. Stanley, T. D., 2000. "An empirical critique of the Lucas critique," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(1), pages 91-107.

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