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Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues, including fiscal, monetary, and regulatory policies to deal with crises, unemployment, and economic growth. As this volume shows, macroeconomics has undergone a profound change since the publication of the last volume, due in no small part to the questions thrust into the spotlight by the worldwide financial crisis of 2008. With contributions from the world´s leading macroeconomists, its reevaluation of macroeconomic scholarship and assessment of its future constitute an investment worth making.

Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research
Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade
Builds upon Volume 1 by using its section headings to illustrate just how far macroeconomic thought has evolved

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Section 1: The Facts of Economic Growth and Economic Fluctuation 1. RBC Methodology and the Development of Aggregate Economic Theory 2. The Facts of Economic Growth 3. Macroeconomic Shocks and Their Propagation 4. Macroeconomic Regimes and Regime Shifts 5. The Macroeconomics of Time Allocation 6. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt 7. Allocative and Remitted Wages: New Facts and Challenges for Keynesian Models 8. Financial and Fiscal Crises

Section 2: The Methodology of Macroeconomics 9. Factor Models and Structural Vector Autoregressions in Macroeconomics 10. Solution and Estimation Methods for DSGE Models 11. Recursive Contracts and Endogenously Incomplete Markets 12. Macroeconomics and Household Heterogeneity 13. Natural Experiments in Macroeconomics 14. Accounting for Business Cycles 15. Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination 16. New Methods for Macro-Financial Model Comparison and Policy Analysis

Section 3: Financial-Real Connections 17. Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises 18. Housing and Credit Markets: Bubbles and Crashes 19. Macro, Money and Finance: A Continuous-Time Approach 20. Housing and Macroeconomics 21. Term Structure of Uncertainty in the Macroeconomy 22. Quantitative Models of Sovereign Debt Crises

Section 4: Models of Economic Growth and Fluctuations 23. Families in Macroeconomics 24. Environmental Macroeconomics 25. The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics 26. Neoclassical Models in Macroeconomics 27. Macroeconomics of Persistent Slumps 28. Macroeconomics and the Labor Market

Section 5: Macroeconomic Policy 29. Challenges for Central Banks Macro Models 30. Liquidity requirements, liquidity choice and financial stability 31. Understanding Inflation as a Joint Monetary-Fiscal Phenomenon 32. Fiscal Multipliers: Liquidity Traps and Currency Unions 33. What is a Sustainable Public Debt? 34. The Political Economy of Government Debt

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