INTRODUCTION TO SPECIAL ISSUE: DYNAMIC MACROECONOMIC THEORY

Henrik Jensen, Peter Sørensen and Hans Jørgen Whitta-Jacobsen

Macroeconomic Dynamics, 2008, vol. 12, issue S1, 1-1

Abstract: This issue collects 11 articles at the frontier of the field of Dynamic Macroeconomic Theory.A majority of the articles discuss theoretical issues related to monetary policy. Many rich economies have now enjoyed a long period of stable monetary conditions, but many researchers remain puzzled as to what are the main mechanisms driving monetary stability. The field is of great importance to policymakers, and this issue's dynamic approaches will advance the debate. The other articles touch on other, equally inherently dynamic issues of macroeconomics, relating to growth, business cycles, and the role of credit. In light of the hard constraints we imposed on the length of the contributed articles, we will let the articles speak for themselves, and hope that the reader will enjoy this research sample as much as we do.

Date: 2008
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