Chapter Title Pages Macroeconomics: a succinct introduction 3-41 Solving Rational Expectations Models 42-86 Partial Information and Signal Extraction 87-104 Stabilization Policy – Can we? 107-133 Stabilization Policy – Should we? 134-164 Practical issues of effective stabilization 165-181 Fiscal Policy and the government budget constraint 182-211 The political economy of democracy 212-231 Unemployment, productivity and growth 232-250 10 The Macroeconomics of an Open Economy 253-271 11 Representative agent models in cashless economies 272-305 12 Money in representative agent models 306-320 13 Open economy representative agent models 321-331 14 Testing the Rational Expectations Hypothesis 335-422 15 Interpreting the Evidence: The Problem of Observational Equivalence 423-433 16 Direct Tests of Rational Expectations 434-443 17 Where are we going? 444-446 18 Time-series annex: an introduction of linear and nonlinear time series 447-490 Bibliography 491-526 Errata page Corrigenda pages 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