This series delves into the intricacies of modern macroeconomics, profoundly reshaped by the global financial crisis. It explores the development of models designed to understand economic fluctuations rooted in microeconomic principles. The books examine policy prescriptions that increasingly account for uncertainty, learning, and various rigidities. This collection unites leading macroeconomist researchers and central bank economists to analyze essential tools for navigating the contemporary economic landscape.
Not enough attention has been paid to the long business cycle expansion that started in 1992 and provided an exceptional period of macroeconomic stability in the UK. This book brings together senior macroeconomists to look at what policy-making lessons can be learned from this period of expansion.