Macroeconomic Theory and Economic Policy Essays in Honour of Jean-Paul Fitoussi Routledge Frontiers of Political Economy Series

Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.

1 Preface and summary 2The consummate macroeconomist: Jean-Paul Fitoussi 3 Price versus wage stickiness and the issue of persistence 4 Contours of employment protection reform 5 Trashing J.B. Say: the story of a mare’s nest 6 Assets, debts and interest in the EU and the US: the slump in Europe revisited 7 The long swings in economic understanding 8 The difficult dialogue between the development of macroeconomic theory and macroeconomic policy concerns 9 What structuralism is – and what errors and omissions it avoids in supply-side and RBC models 10 What should we mean by “growth policy?” 11 Rational expectations equilibria: a recursion theoretic tutorial

Postgraduate and Professional

K. Vela Velupillai is John E. Cairnes Professor of Economics at the National University of Ireland, Galway and also holds a Chair at the University of Trento, Italy, as a ‘Professore di Chiara Fama’. He is also a Senior Visiting Professor at the Madras School of Economics, Chennai, India.

Jean-Paul Fitoussi is one of the world's foremost Macroeconomists of his time. This celebration of his work includes contributions from economists Robert W. Clower and Robert Solow, as well as Olivier Blanchard and Edmond Malinvaud.