Contemporary Issues in Macroeconomics Lessons from The Crisis and Beyond [Paperback]

In this edited collection, Joseph Stiglitz and Martin Guzman present a series of studies on contemporary macroeconomic issues. The book discusses a set of key lessons for macroeconomic theory following the recent global financial crisis and explores unconventional monetary policy in a post-crisis world.

This volume is divided into five parts. The introduction includes keynote speeches by the Governors of the Bank of Japan and Central Bank of Jordan. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises. Part two addresses the issue of the measurement of wealth. Part three discusses macroeconomic policies in times of crises. Finally, part four focuses on central banking and monetary policy.
Stiglitz and Guzman bring together this edited collection that presents a series of studies on contemporary macroeconomic issues and contains a set of key lessons for macroeconomic theory and policies from the recent global financial crisis.

List of Figures
List of Tables
Foreword
Notes on Contributors
Presidential Address
Introduction; Joseph E. Stiglitz
Towards a General Theory of Deep Downturns
Keynote addresses by Central Bank Governors
1. The Practice and Theory of Unconventional Monetary Policy; Haruhiko Kuroda, Governor of the Central Bank of Japan
2. Monetary Policy in a Constrained Environment; Ziad Fariz, Governor of the Central Bank of Jordan
PART I: MACROECONOMIC THEORY FOR UNDERSTANDING FLUCTUATIONS AND CRISES 
3. A Theory of Pseudo-Wealth; Martin Guzman and Joseph E. Stiglitz
4. Great Recession and Beyond: Revisiting the Pillars of Economic Thought; A. Erinc Yeldan
5. Is Financial Stability Possible in the Current International System?; James M. Boughton
6.&nbsp;Learning, Expectations, and the Financial InstabilitylÃ<