Introduction

Kumaraswamy Velupillai and Daniel Vaz

Chapter 1 in Inflation, Institutions and Information, 1996, pp 1-9 from Palgrave Macmillan

Abstract: Abstract Macroeconomics emerged from IS—LM complacency as a result of the Clower-Leijonhufvud revolution in the 1960s. Three decades have passed since the decisive contributions by these two macroeconomic masters and turbulence has reigned in the subject during this period, not least because of the fundamental reorientations they pioneered.

Keywords: Invisible Hand; Efficient Market Hypothesis; Monetary Regime; Double Auction Market; Graph Theoretic Terminology (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-13521-9_1

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