Synopses & Reviews
Over the last ten years, the widely acclaimed Oxford Review of Economic Policy has published papers written in a non-technical style by leading policy experts. This Reader draws together a comprehensive selection of the most significant and widely cited OREP papers in macroeconomics, many of which have been updated and revised. It includes sections on fiscal policy, exchange rates and monetary policy, consumption and the balance of payments, inflation, unemployment, and growth and productivity. Contributors include David begg, Paul Krugman, Assar Lindbeck, John Muellbauer, Steven Nickell, and Denis Snower.
Synopsis
The widely-acclaimed Oxford Review of Economic Policy publishes papers written in a non-technical style by leading policy experts. This second edition of Readings in Macroeconomics presents a revised and updated selection of the most significant OREP papers in macroeconomics,
About the Author
Tim Jenkinson is Managing Editor of the Oxford Review of Economic Policy and is Fellow and Tutor in Economics at Keble College, Oxford University.
Table of Contents
Part I: Fiscal and Monetary Policy 1. The Role of Fiscal Policy in the 1990s, Christopher Allsopp
2. Macroeconomic Policy after EMU, Christopher Allsopp and David Vines
Part II: Exchange Rates
3. Exchange Rates in Theory and Practice, David Begg
4. European Monetary Unification: A Tour d'Horizon, Barry Eichengreen
5. Assymetries in Housing and Financial Market Institutions and EMU, Duncan Maclennan, John Muellbauer, and Mark Stephens
Part III: Consumption and Investment
6. Consumer Expenditure, John Muellbauer
7. Does the Balance of Payments Matter?, Christopher Allsopp, Tim Jenkinson, and Terry O'Shaughnessy
8. Investment Performance and Policy, Stephen Bond and Tim Jenkinson
Part IV: Unemployment and Inflation
9. Explanations of Unemployment, Assar Lindbeck and Dennis Snower
10. Unemployment and Inequality, Andrew Glyn
11. The Limits of Wage Flexibility to Curing Unemployment, Richard Freeman
12. Inflation Policy, Tim Jenkinson
Part V: Economic Growth
13. New Approaches to Economic Growth, Andrea Boltho and Gerald Holtham
14. The Macroeconomics of Growth, Frederick van der Ploeg and Paul Tang
15. 'Post-neoclassical Endogenous Growth Theory': What are its Policy Implications?, Nick Crafts
Part I: Fiscal and Monetary Policy
1. The Role of Fiscal Policy in the 1990s, Christopher Allsopp
2. Macroeconomic Policy after EMU, Christopher Allsopp and David Vines
Part II: Exchange Rates
3. Exchange Rates in Theory and Practice, David Begg
4. European Monetary Unification: A Tour d'Horizon, Barry Eichengreen
5. Assymetries in Housing and Financial Market Institutions and EMU, Duncan Maclennan, John Muellbauer, and Mark Stephens
Part III: Consumption and Investment
6. Consumer Expenditure, John Muellbauer
7. Does the Balance of Payments Matter?, Christopher Allsopp, Tim Jenkinson, and Terry O'Shaughnessy
8. Investment Performance and Policy, Stephen Bond and Tim Jenkinson
Part IV: Unemployment and Inflation
9. Explanations of Unemployment, Assar Lindbeck and Dennis Snower
10. Unemployment and Inequality, Andrew Glyn
11. The Limits of Wage Flexibility to Curing Unemployment, Richard Freeman
12. Inflation Policy, Tim Jenkinson
Part V: Economic Growth
13. New Approaches to Economic Growth, Andrea Boltho and Gerald Holtham
14. The Macroeconomics of Growth, Frederick van der Ploeg and Paul Tang
15. 'Post-neoclassical Endogenous Growth Theory': What are its Policy Implications?, Nick Crafts