An Encyclopedia Of Macroeconomics

The Encyclopedia of Macroeconomics is an authoritative and invaluable reference source on macroeconomics, which embraces definitions of terms and concepts, conflicting ideological approaches and the contributions of major thinkers. Comprehensive in scope, it contains over 300 short entries and more than 100 specially commissioned main entries from an internationally renowned group of scholars.
The alphabetically ordered entries will be useful both as a basic reference source and a provocative stimulus for further reading. The Encyclopedia will soon be established as a leading reference source on macroeconomics that will both enlighten students and be highly valued by scholars and teachers of economics.

Teachers of macroeconomics are already obliged to Snowdon and Vane (and Wynarczyk) for their success in persuading our students that this is a subject where they will find a lively ongoing debate on vital issues and not just a compilation of exam exercises. Their new Encyclopedia will be a splendid supplement not only to their own but to anybodys textbook. Many of the short essays are little gems. It will be a rare teacher who does not himself (herself) find a lot to learn from browsing in it.
Axel Leijonhufvud, University of Trento, Italy

The editors of this volume already have a number of innovative and useful texts and essay collections (1994, 1997, 1999) to their credit. Their Encyclopedia of Macroeconomics is comparably valuable as a basic reference book for 21st Century students and teachers.
Robert W. Clower, University of South Carolina, US, Brasenose College, Oxford, UK and University of California, Los Angeles, US

Contents:

Absolute Income Hypothesis
Adaptive Expectations
AD-AS Model

Balance of Payments-constrained Economic Growth
Balance of Payments: Keynesian Approach
Balance of Payments: Monetary Approach
Balanced Budget Multiplier
Bretton Woods
Budget Deficits: Cyclical and Structural
Business Cycles: Austrian Approach
Business Cycles: Keynesian Approach
Business Cycles: Marxian Approach
Business Cycles: Monetarist Approach
Business Cycles: New Classical Approach
Business Cycles: Political Business Cycle Approach
Business Cycles: Real Business Cycle Approach
Business Cycles: Stylized Facts

Calibration
Catching up and Convergence
Central Bank Accountability and Transparency
Central Bank Independence
Classical Dichotomy
Classical Economics
Comparative Advantage
Coordination Failures
Credibility and Reputation
Credit Channels
Credit Views in Macroeconomic Theory
Crowding Out

Demand for Money: Buffer Stocks
Demand for Money: Friedmans Approach
Demand for Money: Keynesian Approach

Ecological Macroeconomics
Economic Growth and the Role of Institutions
Endogenous Growth Theory
Evolutionary Macroeconomics
Exchange Rate Determination: Monetary Approach
Expectationsaugmented Phillips Curve
Expenditure Reducing Policy
Expenditure Switching Policy

Financial Instability
Fiscal Policy: Role of
Fixed Exchange Rate System
Flexible Exchange Rate System
Forecasting
Friedman, Milton

Globalization
Gold Standard
Great Depression
Growth Accounting

HarrodDomar Growth Model
Hicks, John R.
Hysteresis

Incomes Policy
Inflation: Alternative Theories of
Inflation: Costs of
Inflation: Costs of Reducing
Inflation Targeting
Investment: Accelerator Theory of
Investment: Neoclassical Theories of
Involuntary Unemployment in Keyness General Theory
Involuntary Unemployment in Keynesian Economics
ISLM Model: Closed Economy
ISLM Model: Open Economy

Keynes, John Maynard
Keyness General Theory
Keynesian Cross
Keynesian Economics
Keynesian Economics: Reappraisals of Laffer Curve

Lucas Critique
Lucas, Robert E. Jr.

Macroeconometric Models
MarshallLerner Condition
Marxian Macroeconomics: An Overview
Marxian Macroeconomics: Some Key Relationships
Menu Costs
Modigliani, Franco
Monetarism
Monetary Policy: Role of
Money Supply: Endogenous or Exogenous?
Multiplier
Mundell, Robert A.

Natural Rate of Unemployment
Neoclassical Growth Model
Neoclassical Synthesis
Neutrality of Money
New Classical Economics
New Keynesian Economics
New Political Macroeconomics
Nominal Rigidity

Optimum Currency Area

Permanent Income Hypothesis
Phillips Curve
Post Keynesian Economics
Purchasing Power Parity Theory

Quantity Theory of Money

Rational Expectations
Real Balance Effect
Real Rigidity
Representative Agent Model
Ricardian Equivalence
Rules versus Discretion

Samuelson, Paul A.
Says Law
Schools of Thought in Macroeconomics
Short-run Phillips Curve
Solow, Robert M.
Speculative Bubbles
Supply-side Economics

Theory and Measurement in Macroeconomics: Role of
Time Inconsistency Vector Autogressions
Tobin, James

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