Bibliograph

Money employment and inflation, Robert J. Barro, Herschel I. Grossman

Type

Label

Money employment and inflation, Robert J. Barro, Herschel I. Grossman

Language

eng

Index

index present

Literary Form

non fiction

Main title

Money employment and inflation

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1097145905

Responsibility statement

Robert J. Barro, Herschel I. Grossman

Series statement

Cambridge Social Sciences eBooks

Summary

This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations. In the tradition of Keynes's General Theory of Employment, Interest and Money (published in 1936), and Patinkin's Money, Interest, and Prices, published in 1956 and revised in 1965, this book represents a third generation of macroeconomic theory. This book presents a comprehensive choice-theoretic analysis of the determination of the level of employment and the rate of inflation. A central feature of the book is the recasting of macroeconomic analysis in terms of a theory of exchange under non-market-clearing conditions. In addition, the analysis incorporates other aspects of the current reformulation of macroeconomic theory, including the relation between inflationary expectations, rates of return, and unemployment, the dynamics of aggregate demand, and the significance of incomplete information regarding the spatial distribution of wages and prices. --, Provided by publisher

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Money Employment & Inflation

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