Handbook of Macroeconomics [Hardcover]

This text aims to provide a survey of the state of knowledge in the broad area that includes the theories and facts of economic growth and economic fluctuations, as well as the consequences of of monetary and fiscal policies for general economic conditions.

Part 4: Consumption and Investment. 11. Consumption (O.P. Attanasio). 12. Aggregate investment (R.J. Caballero). 13. Inventories (V.A. Ramey, K.D. West). Part 5: Models of Economic Fluctuations. 14. Resuscitating real business cycles (R.G. King, S. Rebolo). 15. Staggered price and wage setting in macroeconomics (J.B. Taylor). 16. The cyclical behavior of prices and costs (J.J. Rotemberg, M. Woodford). 17. Labor-market frictions and employment fluctuations (R.E. Hall). 18.Job reallocation, employment fluctuations and unemployment (D.T. Mortensen, C.A. Pissarides).John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow in Economics at Stanford's Hoover Institution. He is also the director of Stanford's Introductory Economics Center. His research focuses on macroeconomics, monetary economics and international economics. He co-edited Volume 1 of the Handbook of Macroeconomics and recently wrote Getting Off Track, one of the first books on the financial crisis, and First Principles: Five Keys to Restoring America's Prosperity. He served as senior economist and Member of the President's Council of Economic Advisers. From 2001 to 2005, he served as undersecretary of the U.S. Treasury for international affairs. Taylor was awarded the Hoagland Prize and the Rhodes Prize by Stanford University for excellence in undergraduate teaching and the Stanford Economics Department Distinguished Faculty Teaching Award. He received the Truman Medal for Economic Policy for extraordinary contribution to the formation and conduct of economic policy, the Bradley Prize for his economic research and policy achilÓq