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Recent Developments in Macroeconomics

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  • Fischer, Stanley

Abstract

Underlying the existence of macroeconomics as a separate field of study are the phenomena of economy-wide fluctuations of output and prices, and sometimes persistent high levels of unemployment. Two basic views of macroeconomic behavior have persisted even as conceptual innovati ons and the application of more powerful analytic and empirical techn iques have brought significant changes in understanding of the macroe conomy. Copyright 1988 by Royal Economic Society.

Suggested Citation

  • Fischer, Stanley, 1988. "Recent Developments in Macroeconomics," Economic Journal, Royal Economic Society, vol. 98(391), pages 294-339, June.
    • Handle: RePEc:ecj:econjl:v:98:y:1988:i:391:p:294-339
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