Macroeconomic Theory and Economic Policy: Essays in Honour of Jean-Paul Fitoussi (Routledge Frontiers of Political Economy, 59)

Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud. The Development Of Macroeconomic Theory And The Implications For Economic Policy Is The Main Focus Of This Book. Coming Together To Honour Fitoussi, The Contributors Have Pulled Off An Impressive Coup In Creating A Book Which Will Interest Advanced Students Of Macroeconomics, Economists Generally As Well As Those Involved In The Formulation Of Economic Policy.--jacket. 1. Preface And Summary / K. Vela Velupillai -- 2. The Consummate Macroeconomist : Jean-paul Fitoussi / K. Vela Velupillai -- 3. Price Versus Wage Stickiness And The Issue Of Persistence / Jean-pascal Benassy -- 4. Contours Of Employment Protection Reform / Olivier Blanchard And Jean Tirole -- 5. Trashing J.b. Say : The Story Of A Mare's Nest / Robert W. Clower -- 6. Assets, Debts And Interest In The Eu And The Us : The Slump In Europe Revisited / Jacques Le Cacheux -- 7. The Long Swings In Economic Understanding / Axel Leijonhufvud -- 8. The Difficult Dialogue Between The Development Of Macroeconomic Theory And Macroeconomic Policy Concerns / Edmond Malinvaud. Edited By K. Vela Velupillai. Includes Bibliographical References And Indexes. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of contributors......Page 14 Preface and summary......Page 16 The consummate macroeconomist: Jean-Paul Fitoussi......Page 25 Price versus wage stickiness and the issue of persistence......Page 45 Contours of employment protection reform......Page 63 Trashing J.B. Say: the story of a mare's nest......Page 103 Assets, debts and interest in the EU and the US: the slump in Europe revisited......Page 113 The long swings in economic understanding......Page 130 The difficult dialogue between the development of macroeconomic theory and macroeconomic policy concerns......Page 143 What structuralism is and what errors and omissions it avoids in supply-side and RBC models......Page 160 What should we mean by ~growth policy?~......Page 178 Rational expectations equilibria: a recursion theoretic tutorial......Page 184 Author index......Page 204 Subject index......Page 208 Annotation "The development of macroeconomic theory and the implications for economic policy is the main focus of this book." "Coming together to honour Fitoussi, the contributors have pulled off an impressive coup in creating a book which will interest advanced students of macroeconomics, economists generally as well as those involved in the formulation of economic policy."--BOOK JACKET. Title Summary field provided by Blackwell North America, Inc. All Rights Reserved Jean-Paul Fitoussi is one of the world's foremost Macroeconomists of his time. This celebration of his work includes contributions from economists Robert W. Clower and Robert Solow, as well as Olivier Blanchard and Edmond Malinvaud.