000			01736nam a2200241Ia 4500
003			NULRC
005			20250520094931.0
008			250520s9999 xx 000 0 und d
020			_a039395398X
040			_cNULRC
050			_aHB 172.5 .H35 1986
100			_aHall, Robert Ernest _eauthor
245		0	_aMacroeconomics : _btheory, performance, and policy / _cRobert E. Hall and John B. Taylor.
250			_aFIRST EDITION
260			_aNew York : _bNorton & Company, _cc1986
300			_axx, 534 pages : _bcolor illustrations ; _c24 cm.
504			_aIncludes index.
505			_aPart I Fundamentals of Macroeconomics -- Part II The Micro Foundations of Aggregate Demand -- Part III The Micro Foundations of Aggregate Supply and Price Adjustment -- Part IV Macroeconomic Policy Evaluation.
520			_aMANY EXCITING some say revolutionary--research developments occurred in macroeconomics in the 1970s and 1980s. Their influence is everywhere apparent in the discipline. In this book we have tried to capture the spirit and content of these developments, in a form that is manageable in the intermediate-level college course. Many of the new ideas in macroeconomics draw upon "rational expectations" research. Originally this term referred to a microeconomic model of expectations, much needed for macroeconomic theory, and we use it in this sense. As such, its influence permeates the book. Each of the chapters on consumption, investment, foreign trade, and money has the theory of rational expectations intrinsic to its discussion. So do the chapters on the new classical theories, forward-looking price setting, and policy rules.
650			_aMACROECONOMICS
700			_aTaylor, John B. _eco-author
942			_2lcc _cBK
999			_c6682 _d6682