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Handbook of Macroeconomics
1st Edition - November 22, 2016
Editors: John B. Taylor, Harald Uhlig
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Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical,… Read more
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Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on.
With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making.
Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research
Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade
Graduate students and professors worldwide working in all subdisciplines of economics and finance. Secondary audience will include researchers working in macroeconomics and related areas, such as growth, economic behavior, international economics, and modeling
Section 1: The Facts of Economic Growth and Economic FluctuationChapter 1: RBC Methodology and the Development of Aggregate Economic TheoryChapter 2: The Facts of Economic GrowthChapter 3: Macroeconomic Shocks and Their PropagationChapter 4: Macroeconomic Regimes and Regime ShiftsChapter 5: The Macroeconomics of Time AllocationChapter 6: "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt"Chapter 7: "Allocative and Remitted Wages: New Facts and Challenges for Keynesian Models"Chapter 8: Financial and Fiscal CrisesSection 2: The Methodology of MacroeconomicsChapter 9: Factor Models and Structural Vector Autoregressions in MacroeconomicsChapter 10: Solution and Estimation Methods for DSGE ModelsChapter 11: Recursive Contracts and Endogenously Incomplete MarketsChapter 12: Macroeconomics and Household HeterogeneityChapter 13: Natural Experiments in MacroeconomicsChapter 14: Accounting for Business CyclesChapter 15: "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination"Chapter 16: New Methods for Macro-Financial Model Comparison and Policy Analysis
No. of pages: 1374
Published: November 22, 2016
Imprint: North Holland
Hardback ISBN: 9780444594693
eBook ISBN: 9780444594785
John B. Taylor
John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow in Economics at Stanford’s Hoover Institution. He is also the director of Stanford's Introductory Economics Center. His research focuses on macroeconomics, monetary economics and international economics. He co-edited Volume 1 of the Handbook of Macroeconomics and recently wrote Getting Off Track, one of the first books on the financial crisis, and First Principles: Five Keys to Restoring America’s Prosperity. He served as senior economist and Member of the President’s Council of Economic Advisers. From 2001 to 2005, he served as undersecretary of the U.S. Treasury for international affairs. Taylor was awarded the Hoagland Prize and the Rhodes Prize by Stanford University for excellence in undergraduate teaching and the Stanford Economics Department Distinguished Faculty Teaching Award. He received the Truman Medal for Economic Policy for extraordinary contribution to the formation and conduct of economic policy, the Bradley Prize for his economic research and policy achievements, the Adam Smith Award from the National Association for Business Economics, the Alexander Hamilton Award and the Treasury Distinguished Service Award for his policy contributions at the US Treasury, and the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. Taylor received a BA in economics summa cum laude from Princeton and a PhD in economics from Stanford.
Affiliations and expertise
Stanford University, Stanford, CA, USA
Harald Uhlig, born 1961, is Professor at the Department of Economics of the University of Chicago since 2007, and was chairman of that department from 2009 to 2012. Previously, he held positions at Princeton, Tilburg University and the Humboldt Universität Berlin. His research interests are in quantitative macroeconomics, financial markets and Bayesian econometrics. He served as co-editor of Econometrica from 2006 to 2010 and as editor of the Journal of Political Economy since 2012 (head editor since 2013). He is a consultant of the Bundesbank, the European Central Bank and the Federal Reserve Bank of Chicago. He is a fellow of the Econometric Society and a recipient of the Gossen Preis of the Verein für Socialpolitik, awarded annually to an economist in the German-language area whose work has gained an international reputation.