Macroeconomics : theory, evidence, and policy / Frank C. Wykoff.

Preface, ix -- I. Macroeconomics in perspective: policy and measurement, 3 -- 1. The scope of macroeconomics, 3 -- 2. Measuring economic performance, 18 -- 3. Comparing economic performance, 36 -- II. The foundations and policy implications of Keynesian theory, 51 -- 4. Keynes and the classics: the beginnings of a great debate, 53 -- 5. Keynesian income-expenditure models, 73 -- 6. Theory of fiscal policy, 87 -- 7. Discretionary policy versus automatic stabilizers, 104 -- III. Personal consumption expenditures, 117 -- 8. The keynesian consumption anchor: theory and evidence, 119 -- 9. Advanced consumption analysis, 137 -- IV. Private domestic investment expenditures, 163 -- 10. Investment: From Keynes to Metzler and Tobin, 165 -- 11. Jorgenson's neoclassical investment model and tax policy, 183 -- V. Money, national income determination, and stabilization policy, 205 -- 12. The need for a money market: The IS Curve, 207 -- 13. Money in a macromodel, 223 -- 14. Stabilization policy, 243 -- VI. Monetary theory and the great debate, 255 -- 15. The supply of money, 257 -- 16. The demand for money, 273 -- 17. Keynes and the monetarists, 287 -- VII. Flexible prices, aggregate supply, and the labor market: neoclassical and neo-Keynesian theories and policies, 301 -- 18. Wage-price flexibility: the three sector models, 303 -- 19. Neoclassical and neo-keynesian income determination, 325 -- 20. The State of macroeconomic theory: short-run dynamics, 344 -- VIII. Inflation from Phillips to rational expectations, 367 -- 21. Inflation I: a theoretical appraisal of its causes, 369 -- 22. Inflation II: wage-price dynamics and consequences, 389 -- VIX. Growth, trade, and macro policy analysis, 419 -- 23. Long-run economic growth, 421 -- 24. International trade and domestic stabilization, 450 -- 25. Macroeconomic policy in action, 475 -- Index, 511.