Advances in Macroeconomic Theory : International Economic Association, PDF eBook

Advances in Macroeconomic Theory : International Economic Association PDF

Edited by J. Dreze

Part of the International Economic Association Series series

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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 Dreze 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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