Advances in Macroeconomic Theory

The International Economic Association Acknowledgements List of Contributors List of Abbreviations and Acronyms Introduction: Advances and Challenges in Macroeconomics; D.Drèze PART I: THE GENERAL FRAMEWORK From Neoclassical Growth Theory to New Classical Macroeconomics; R.H.Solow On the Macroeconomics of Uncertainty and Incomplete Markets (Presidential Address); J.Drèze Macroeconomic Frictions: What Have We Learnt from the Real Business Cycle Research Programme?; J-P.Danthine & J.B.Donaldson PART II: MONEY AND FINANCE How the Rational Expectations Revolution has Changed Macroeconomic Policy Research; J.Taylor Monetary Policy in an Imperfect Information World; B.Greenwald Understanding Inflation: Implications for Monetary Policy; S.G.Cecchetti & E.L.Groshen PART III: WAGES AND EMPLOYMENT Single-peaked versus Diversified Capitalism: The Relation between Economic Institutions and Outcomes; R.Freeman Institutions, Restructuring and Macroeconomic Performance; R.Caballero & M.Hammour Rigid Wages: What Have We Learnt from Microeconomic Studies?; F.Kramarz PART IV: ECONOMETRICS The Getting of Macroeconomic Wisdom; A.Pagan PART V: DYNAMICS Learning Dynamics: Complete and Incomplete Learning; S.Honkapohja Standard-of-Living Aspirations and Economic Cycles; D.de la Croix PART VI: DEVELOPMENT Development Policies Beyond Export-led Growth; V.Corbo Macroeconomic Policies: Can We Transfer Lessons Across LDCs?; C.Rodrigues Cross-country Growth Comparison: Theory to Empirics; D.Quah Volatility and Macroeconomic Paradigms for Rich and Poor Countries (Michael Bruno Memorial Lecture); W.Easterly, R.Islam & J.E.Stiglitz Index

STEPHEN G. CECCHETTI Ohio State University, Columbus, OhioRICARDO CABALLERO Massachusetts Institute of Technology, Cambridge, MassachusettsVITTORIO CORBO Universidad Catholica de Chile, SantiagoDAVID DE LA CROIX Université Catholique de Louvain, BelgiumJEAN-PIERRE DANTHINE Université de Lausanne, SwitzerlandJOHN B. DONALDSON Columbia University, New YorkWILLIAM EASTERLY The World Bank, Washington DCRICHARD FREEMAN Harvard University, Cambridge, MassachusettsBRUCE GREENWALD Columbia University, New YorkERICA L. GROSHEN Bank for International Settlements, Basle, SwitzerlandMOHAMMED HAMMOUR DELTA-ENS, Paris, FranceSEPPO HONKAPOHJA University of Helsinki, FinlandROUMEEN ISLAM The World Bank, Washington DCFRANCIS KRAMARZ Centre de Recherche en Economie et Statistique, INSEE, ParisADRAIN PAGAN Australian National University, Canberra, AustraliaDANNY QUAH London School of Economics and Political Science, UKCARLOS RODRIGUES CEMA University, Buenos Aires, ArgentinaROBERT H. SOLOW Massachusetts Institute of Technology, CambridgeJOSEPH E. STIGLITZ Stanford University, USAJOHN TAYLOR Stanford University, Stanford CA, USA