Handbook of macroeconomics. - Volume 2A-2B

The globalization of finance and its attendant regulations, policies, and crises regularly thrust macroeconomics into the spotlight.  This volume 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 addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation about its future constitute an investment worth making.

• This volume will serve a double role by serving as a textbook for macroeconomics courses and by introducing students to frontier research.
• This volume has no competitors, as no major collections of macroeconomic essays have been published in the last decade.
• Volume 2 builds upon Volume 1 by using its section headings while showing just how far macroeconomic thought has evolved.