Macroeconomic theory and macroeconomic pedagogy (Book, 2009) []
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Macroeconomic theory and macroeconomic pedagogy

Author: Giuseppe Fontana; Mark Setterfield
Publisher: Basingstoke ; New York : Palgrave Macmillan, 2009.
Edition/Format:   Print book : EnglishView all editions and formats
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Genre/Form: Aufsatzsammlung
Additional Physical Format: Online version:
Macroeconomic theory and macroeconomic pedagogy.
Basingstoke ; New York : Palgrave Macmillan, 2009
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Giuseppe Fontana; Mark Setterfield
ISBN: 9780230202030 0230202039 9780230277632 0230277632
OCLC Number: 318670631
Description: xx, 341 pages : illustrations ; 23 cm
Contents: Foreword / Carl E. Walsh --
Macroeconomic theory and macroeconomic pedagogy: an introduction / Giuseppe Fontana and Mark Setterfield --
Part I The 3-equation new consensus macroeconomic model --
Teaching intermediate macroeconomic using the 3-equation model / Wendy Carlin and David Soskice --
Bringing undergraduate macroeconomic teaching up to date / Simon Wren-Lewis --
Monetary policy analysis: an undergraduate toolkit / Jagjit S. Chadha --
Rescuing the LM curve (and the money market) in a modern macro course / Roberto Tamborini --
The new consensus in macroeconomics: a critical appraisal / Philip Arestis --
Complexity and macro pedagogy: the complexity vision as a bridge between graduate and undergraduate macro / David Colander and Casey Rothschild --
Part II An endogenous-money theory amendment of the new consensus macroeconomic model --
Teaching macroeconomics when the endogeneity of money is taken seriously / Malcolm Sawyer --
A simple (and teachable) macroeconomic model with endogenous money / Giuseppe Fontana and Mark Setterfield --
Money and banking in a realistic macro model / Peter Howells --
Part III Financial fragility, liquidity preference, unemployment hysteresis and other amendments --
Taming the new consensus: hysteresis and some other post Keynesian amendments / Marc Lavoie --
Minsky meet Wicksell: using the Wicksellian model to understand the twenty-first century business cycle / Charles L. Weise and Robert J. Barbera --
Macroeconomics meets Hyman P. Minsky: the financial theory of investment / L. Randall Wray and Eric Tymoigne --
Part IV The real interest rate, income distribution, and alternative views of stabilization policies --
Teaching the new consensus model of 'Modern Monetary Economics' from a critical perspective: pedagogical issues / John Smithin --
A Post Keynesian alternative to the new consensus model / Eckhard Hein and Engelbert Stockhammer --
The central banker as 'Regulator of Conflict': a 'Reversed' reading of the Solow and new consensus models / Emiliano Brancaccio --
Institutions, expectations and aggregate demand / Jesus Ferreiro and Felipe Serrano.
Responsibility: edited by Giuseppe Fontana and Mark Setterfield.
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This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16  Read more...


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'The 2007/8 financial crisis starkly revealed the limitations of the three equation ''New Consensus'' macroeconomic model. This model abstracts by assumption from default and credit risk, and hence Read more...

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