Title
Whats Right With Macroeconomics? (The Cournot Centre Series),Used
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Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It questions how the field of economics still reeling from the global financial crisis initiated in the summer of 2007 will respond.The contributors, nine highlyrenowned macroeconomists, highlight the virtues of eclectic macroeconomics over an authoritarian normative approach, and illustrate that macroeconomic reasoning can still be a useful tool for carrying out practical policy analysis. As for emerging research programmes, their wideranging chapters remind us that there are positive approaches to and reasons to believe in oldfashioned macroeconomics.This challenging and thoughtprovoking book will prove a stimulating read for researchers, academics and students of economics, as well as for professional economists.Contributors include: W. Carlin, J.B. Chatelain, G. Corsetti, P. De Grauwe, G. Dosi, G. Fagiolo,R.J. Gordon, M. Napoletano, X. Ragot, A. Roventini, R.M. Solow, X. Timbeau, J.P. Touffut, V. Wieland
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