文档介绍：QuestionsWhatmightthefutureofmacroeconomicsbring?Howmightthemacroeconomicstaughttwodecadesfromnowbedifferentfromthemacroeconomicstaughttoday?Whathavebeentheprincipalchangesinthewaymacroeconomicsistaughtoverthepasttwentyyears?*Copyright©2002byTheMcGraw-panies,--fromroughly1960toroughly1980?essful?essful?*Copyright©2002byTheMcGraw-panies,?*Copyright©2002byTheMcGraw-panies,*Copyright©2002byTheMcGraw-panies,,moremacroeconomictheorywasdevelopedtheIS-LMmodelwascreatedtherelationshipbetweeninterestratesandthemoneysupplywasinvestigatedthedifferencebetweenthebehaviorofthemacroeconomyintheflexible-pricelongrunandthefixed-priceshortrunwasclarified*Copyright©2002byTheMcGraw-panies,,arypolicywasdownplayedestimatesofthemultiplierweremuchhigherthanwebelievenowtobecorrect*Copyright©2002byTheMcGraw-panies,,urredthefirstwasbyMiltonFriedmanthestandardmodelsoverestimatedthegovernment’arypolicythemoneysupplytellsusmostofwhatweneedtoknowabouthowpolicyisworkingthereisanaturalrateofunemployment*Copyright©2002byTheMcGraw-panies,*Copyright©2002byTheMcGraw-panies,