Description
New Age International (P) Ltd Publishers Contemporary Macroeconomic Theory And Policy 2Nd Edition 2018 by Dr Raghbendra Jha
This book is an exhaustive study of current macroeconomic theory. It starts from the first principles of macroeconomics in part I and develops the orthodox Keynesian approach with fixed and flexible prices in part II. In part III the author discusses the modem theories of inflation and unemployment. Among the topics covered are Phillips curves and natural rate of unemployment, the accelerationist controversy, rational expectations, staggered wage setting and new classical macroeconomics.