Advances in Macroeconomic Theory - (International Economic Association) by J Drèze (Hardcover)

Book Synopsis

Leading world scholars analyze a range of specific departures from general equilibrium theory which have significant implications for the macroeconomic analysis of both developed and developing economies. Jacques Drèze considers uncertainty and incomplete markets and Nobel Laureate Robert Solow relates growth theory to the macroeconomic framework. Other issues examined are the implications for macro-policy of new research, including Joseph Stiglitz's warning on the misplaced zeal for financial market liberalization which partly engendered the East Asian and Russian crises.

About the Author

STEPHEN G. CECCHETTI Ohio State University, Columbus, Ohio RICARDO CABALLERO Massachusetts Institute of Technology, Cambridge, Massachusetts VITTORIO CORBO Universidad Catholica de Chile, Santiago DAVID DE LA CROIX Université Catholique de Louvain, Belgium JEAN-PIERRE DANTHINE Université de Lausanne, Switzerland JOHN B. DONALDSON Columbia University, New York WILLIAM EASTERLY The World Bank, Washington DC RICHARD FREEMAN Harvard University, Cambridge, Massachusetts BRUCE GREENWALD Columbia University, New York ERICA L. GROSHEN Bank for International Settlements, Basle, Switzerland MOHAMMED HAMMOUR DELTA-ENS, Paris, France SEPPO HONKAPOHJA University of Helsinki, Finland ROUMEEN ISLAM The World Bank, Washington DC FRANCIS KRAMARZ Centre de Recherche en Economie et Statistique, INSEE, Paris ADRAIN PAGAN Australian National University, Canberra, Australia DANNY QUAH London School of Economics and Political Science, UK CARLOS RODRIGUES CEMA University, Buenos Aires, Argentina ROBERT H. SOLOW Massachusetts Institute of Technology, Cambridge JOSEPH E. STIGLITZ Stanford University, USA JOHN TAYLOR Stanford University, Stanford CA, USA