Macroeconomic Modelling has undergone radical changes in the last few
years. There has been considerable innovation in developing robust
solution techniques for the new breed of increasingly complex models.
Similarly there has been a growing consensus on their long run and
dynamic properties, as well as much development on existing themes such
as modelling expectations and policy rules. This edited volume focuses
on those areas which have undergone the most significant and imaginative
developments and brings together the very best of modelling practice.
We include specific sections on (I) Solving Large Macroeconomic Models,
(II) Rational Expectations and Learning Approaches, (III) Macro
Dynamics, and (IV) Long Run and Closures. All of the contributions offer
new research whilst putting their developments firmly in context and as
such will influence much future research in the area. It will be an
invaluable text for those in policy institutions as well as academics
and advanced students in the fields of economics, mathematics, business
and government. Our contributors include those working in central banks,
the IMF, European Commission and established academics.