Macroeconomics and the Real World: Volume 2: Keynesian Economics, Unemployment, and Policy

In these two volumes, a group of distinguished economists debate the way in which evidence, in particular econometric evidence, can and should be used to relate macroeconomic theories to the real world. Topics covered include the business cycle, monetary policy, economic growth, the impact of new econometric techniques, the IS-LM model, the labor market, new Keynesian macroeconomics, and the use of macroeconomics in official documents. The second of two volumes exploring how statistical evidence is used to relate macroeconomic theories to the real world. It focuses on the labour market and economic policy, with sections on the ISLM model, new Keynesian macroeconomics and the use of macroeconomics in official documentation. V. 1. Econometric Techniques And Macroeconomics. -- V. 2. Keynesian Economics, Unemployment, And Policy. Edited By Roger E. Backhouse, Andrea Salanti. Includes Bibliographical References And Index. IS-LM models have played a crucial role in the evolution of macroeconomics in the last sixty years.