Advanced Modern Macroeconomics

Max Gilman is a highly respected Professor of Macroeconomics at Cardiff University and Director of PG studies. He was educated at Chicago University, where Barro and Lucas, the founders of a micro foundation approach to macroeconomics were his PHD supervisors. He has written many research articles on micro foundation approaches to macroeconomics and is well known in research circles such as MMFRG (Money, Macro and Finance Research Group). He is also Research Associate at the Institute of Economics, Hungarian Academy of Sciences.

• PrefaceAcknowledgementsPart 1MICROFOUNDATIONS OF MACROECONOMICS1 Overview of the bookPart 2LABOUR AND GOODS MARKETS2 Labour, leisure and productivity3 Employment cycles and taxes4 Trade in labour and goods marketsPart 3CAPITAL AND GOODS MARKETS5 Savings and investment6 Capital policy and business cycles7 Trade in physical capital marketsPart 4MODERN AS–AD8 Dynamic analysis and AS–AD9 Employment10 Dynamic AS–AD solution methodologyPart 5GROWTH, HUMAN CAPITAL AND BUSINESS CYCLES11 Exogenous growth12 Human capital and endogenous growth13 Explaining cycles and trends14 International tradePart 6RISK, BANKING AND ASSETS15 Incomplete markets and banking16 Investment and banking productivity17 Asset prices and financePart 7FISCAL AND MONETARY POLICY18 Public finance19 Taxes and growth20 Monetary theory and policyIndex