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Advances in Macroeconomic Theory: International Economic Association

Advances in Macroeconomic Theory: International Economic Association

Hardcover

Series: International Economic Association

EconomicsInvesting & Finance

ISBN10: 0333773535
ISBN13: 9780333773536
Publisher: Palgrave MacMillan
Published: Aug 3 2001
Pages: 372
Weight: 1.53
Height: 1.16 Width: 5.62 Depth: 8.82
Language: English
Leading world scholars analyze a range of specific departures from general equilibrium theory which have significant implications for the macroeconomic analysis of both developed and developing economies. Jacques Drèze considers uncertainty and incomplete markets and Nobel Laureate Robert Solow relates growth theory to the macroeconomic framework. Other issues examined are the implications for macro-policy of new research, including Joseph Stiglitz's warning on the misplaced zeal for financial market liberalization which partly engendered the East Asian and Russian crises.

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Economics