Macroeconomic Models

The book provides an introduction to major topics in macroeconomic theory and offers the readers three tools for comparing different models:a mathematical reformulation of Say's Law, the use of income velocity of circulation of money as a behavioural function in accordance with the Friedman tradition and the use of the Phillips curve to represent the labour market.

Zusammenfassung
Providing an introduction to major topics in macroeconomic theory, this book offers the reader three keys for comparing different models. The first key is a mathematical reformulation of Say's Law. The second and third keys deal with the circulation of money and the labour market respectively.

Inhalt
Preface - Introduction - Keynes and the Classics - Keynesian Macroeconomic Theory - Neoclassical Macroeconomics Reproposed - Macroeconomic Theory of Aggregate Supply. From the Keynesian-Monetarist Debate to the New Classical Macroeconomics - Macroeconomics of Rationing Equilibria - Bibliography - Index