Macroeconomic theory and macroeconomic pedagogy

List of Figures

List of Appendices

Notes on the Contributors

Foreword / Carl E. Walsh

Macroeconomic Theory and Macroeconomic Pedagogy: An Introduction / Giuseppe Fontana / Mark Setterfield

Part I. The 3-Equation New Consensus Macroeconomic Model

1. Teaching Intermediate Macroeconomics using the 3-Equation Model / Wendy Carlin / David Soskice

2. Bringing Undergraduate Macroeconomics Teaching Up to Date / Simon Wren-Lewis

3. Monetary Policy Analysis: An Undergraduate Toolkit / Jagjit S. Chadha

4. Rescuing the LM Curve (and the Money Market) in a Modern Macro Course / Roberto Tamborini

5. The New Consensus in Macroeconomics: A Critical Appraisal / Philip Arestis

6. Complexity and Macro Pedagogy: The Complexity Vision as a Bridge between Graduate and Undergraduate Macro / David Colander / Casey Rothschild

Part II. An Endogenous-Money Theory Amendment of the New Consensus Macroeconomic Model

7. Teaching Macroeconomics When the Endogeneity of Money is Taken Seriously / Malcolm Sawyer

8. A Simple (and Teachable) Macroeconomic Model with Endogenous Money / Giuseppe Fontana / Mark Setterfield

9. Money and Banking in a Realistic Macro Model / Peter Howells

Part III. Financial Fragility, Liquidity Preference, Unemployment Hysteresis and Other Amendments

10. Taming the New Consensus: Hysteresis and Some Other Post Keynesian Amendments / Marc Lavoie

11. Minsky Meet Wicksell: Using the Wicksellian Model to Understand the Twenty-First Century Business Cycle / Charles L. Weise / Robert J. Barbera

12. Macroeconomics Meets Hyman P. Minsky: The Financial Theory of Investment / L. Randall Wray / Eric Tymoigne

Part IV. The Real Interest Rate, Income Distribution, and Alternative Views of Stabilization Policies

13. Teaching the New Consensus Model of 'Modern Monetary Economics' from a Critical Perspective: Pedagogical Issues / John Smithin

14. A Post Keynesian Alternative to the New Consensus Model / Eckhard Hein / Engelbert Stockhammer

15. The Central Banker as 'Regulator of Conflict': A 'Reversed' Reading of the Solow and New Consensus Models / Emiliano Brancaccio

16. Institutions, Expectations and Aggregate Demand / Jesus Ferreiro / Felipe Serrano

Author/Name Index

Subject Index