Themes in Modern Macroeconomics [Paperback]

This volume provides a broad overview of the development of macroeconomic theory and methods. Against this background fundamental questions are addressed by the authors: reconciliation of micro and macroeconomic theory, the role of money in macroeconomic modelling, the concept of income, and new suggestions for the basic framework of macroeconomic theorizing.Notes on the Contributors - Introduction; H.Brink - The Sad State of Macroeconomic Theory; H.Brink - Microfoundations of Dynamic Macroequations; M.Lippi - Exchangeability and the Structure of the Economy; J.McCall - A Simple Concept of Income; C.Heyn-Johnsen - Production and Distribution in a Monetary Economy; A.Graziani - A Keynesian Model for a Post-Monetarist Open Economy; M.Desai - A Simple Stock Flow Model of the Danish Economy; W.Godley & G.Zezza - Index