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Recent Developments inMacroeconomics

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  • Gupta G S

Abstract

The paper presents the subject matter of macroeconomics and the developments that have taken place in macroeconomic theory and policy since the Keynesian theory of 1936. In particular, it highlights the problems in data measurement, describes the business cycles and the roles of stabilisation policies in countering them, and delineates the factors determining economic growth.

Suggested Citation

  • Gupta G S, 2002. "Recent Developments inMacroeconomics," IIMA Working Papers WP2002-01-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp00003
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    File URL: https://www.iima.ac.in/sites/default/files/rnpfiles/2002-01-03GSGupta.pdf
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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    4. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
    5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
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    7. Mankiw, N Gregory, 1990. "A Quick Refresher Course in Macroeconomics," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1645-1660, December.
    8. Bruce Greenwald & Joseph E. Stiglitz, 1993. "New and Old Keynesians," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 23-44, Winter.
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