Handbook of Macroeconomics: Volume 2B, 1st Edition

  • John B. Taylor Stanford University
  • Harald Uhlig
  • Published By: North Holland
  • ISBN-10: 0444594779
  • ISBN-13: 9780444594778
  • DDC: 339
  • Grade Level Range: 11th Grade - College Senior
  • 1370 Pages | eBook
  • Original Copyright 2016 | Published/Released June 2017
  • This publication's content originally published in print form: 2016

  • Price:  Sign in for price



This reference surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
Introduction to the Series.
Editor’s Biography.
Other Frontmatter.
Financial-Real Connections.
1: Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises.
2: Housing and Credit Markets: Booms and Busts.
3: Macro, Money, and Finance: A Continuous-Time Approach.
4: Housing and Macroeconomics.
5: Term Structure of Uncertainty in the Macroeconomy.
6: Quantitative Models of Sovereign Debt Crises.
Models of Economic Growth and Fluctuations.
7: RBC Methodology and the Development of Aggregate Economic Theory.
8: Families in Macroeconomics.
9: Environmental Macroeconomics.
10: The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics.
11: Neoclassical Models in Macroeconomics.
12: Macroeconomics of Persistent Slumps.
Macroeconomic Policy.
13: Challenges for Central Banks’ Macro Models.
14: Liquidity Requirements, Liquidity Choice, and Financial Stability.
15: Understanding Inflation as a Joint Monetary–Fiscal Phenomenon.
16: Fiscal Multipliers: Liquidity Traps and Currency Unions☆.
17: What is a Sustainable Public Debt?.
18: The Political Economy of Government Debt.

Meet the Author

Author Bio

John B. Taylor

John B. Taylor, a highly regarded and widely honored figure, has earned numerous awards for both teaching and leadership in International Finance. Dr. Taylor is currently the Raymond Professor of Economics at Stanford University, where he has received the Hoagland Prize for excellence in undergraduate teaching and Rhodes Prize for teaching introductory economics. Dr. Taylor was founding Director of the innovative Stanford Introductory Economics Center and has served as Director of the Stanford Institute for Economic Policy Research. Since 1976, Dr. Taylor has worked in numerous government economic advisory roles. From 2001 to 2005, Dr. Taylor served as Undersecretary of Treasury for International Affairs, where he developed and implemented U.S. international financial policy, including currencies; trade in financial services; foreign investment, international debt; and reform of the International Monetary Fund, the World Bank, and other international financial institutions. Dr. Taylor was awarded the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. He was awarded the Treasury Distinguished Service Award for designing and implementing the financial reconstruction plan in Iraq and was awarded the Alexander Hamilton Award for his leadership in international finance. His accomplishments include helping to assemble an international coalition to freeze terrorist assets, expediting Afghanistan's economic reconstruction, creating a new currency and central bank in Iraq, forging an international agreement to reduce Iraq's debt by 80 percent, and creating a new economic engagement with Broader Middle East and North African countries. Taylor received his B.A. in Economics summa cum laude from Princeton University and Ph.D. in Economics from Stanford University.