Keynes Economic Legacy

Leading economists explore the impact of Keynesian economic theory as they share their insights and recommendations on: the current and future directions of business cycle theory; possible financial instability in the U.S. stock and bond markets; new statistical techniques to explain the variability of stock and bond prices; and microeconomic analysis and policies to reduce natural unemployment rates. This volume is an important addition to the literature at a time when macroeconomic theory is in a period of transition.