Selected Essays in Macroeconomics: A Study
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Author
Edition
1st ed.
Publisher
ISBN
8131411944
Length
280p.
Subjects
This book consists of 19 selected papers of Professor Rao. In the first part, on the methodological issue, he argues that the aggregate demand and supply model (ADAS), which is the current dominant macroeconomic textbook model, is logically unsatisfactory. Easy to understand, these methodological essays clarify many confusions of lecturers in macroeconomics. The second part consists of several econometric papers on the estimation of the disequilibrium macro ...