TY  - JOUR
AU  - Mankiw,N. Gregory
TI  - A Quick Refresher Course in Macroeconomics
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3256
PY  - 1991
Y2  - February 1991
UR  - http://www.nber.org/papers/w3256
L1  - http://www.nber.org/papers/w3256.pdf
N1  - Author contact info:
N. Gregory Mankiw
Department of Economics
Littauer 223
Harvard University
Cambridge, MA  02138
Tel: 617/495-4301
Fax: 617/495-7730
E-Mail: ngmankiw@fas.harvard.edu
AB  - This paper presents a non-technical discussion of some of the important developments in macroeconomics over the past twenty years. It considers three broad categories of research. First, it discusses how the notion of rational expectations has affected economists' views on the role of economic policy, the debate over rules versus discretion, and empirical work in macroeconomics Second, it discusses various new classical approaches to the business cycle, including imperfect information theories, real business cycle theories, and sectoral shift theories. Third, it discusses various new Keynesian approaches to the business cycle, includes theories based on general disequilibrium, labor contracting, and menu costs.
ER  -