Handbook of Macroeconomics

This text aims to provide a survey of the state of knowledge in the broad area that includes the theories and facts of economic growth and economic fluctuations, as well as the consequences of of monetary and fiscal policies for general economic conditions.

Part 4: Consumption and Investment. 11. Consumption (O.P. Attanasio). 12. Aggregate investment (R.J. Caballero). 13. Inventories (V.A. Ramey, K.D. West). Part 5: Models of Economic Fluctuations. 14. Resuscitating real business cycles (R.G. King, S. Rebolo). 15. Staggered price and wage setting in macroeconomics (J.B. Taylor). 16. The cyclical behavior of prices and costs (J.J. Rotemberg, M. Woodford). 17. Labor-market frictions and employment fluctuations (R.E. Hall). 18. Job reallocation, employment fluctuations and unemployment (D.T. Mortensen, C.A. Pissarides).