Macroeconomic Theory and Macroeconomic Pedagogy

  • Giuseppe Fontana
  • Mark Setterfield

Table of contents

  1. Front Matter
    Pages i-xx
  2. Macroeconomic Theory and Macroeconomic Pedagogy: An Introduction

    1. Giuseppe Fontana, Mark Setterfield
      Pages 1-10
  3. The 3-Equation New Consensus Macroeconomic Model

  4. An Endogenous-Money Theory Amendment of the New Consensus Macroeconomic Model

    1. Front Matter
      Pages 129-129
    2. Giuseppe Fontana, Mark Setterfield
      Pages 144-168
    3. Peter Howells
      Pages 169-187
  5. Financial Fragility, Liquidity Preference, Unemployment Hysteresis and Other Amendments

  6. The Real Interest Rate, Income Distribution, and Alternative Views of Stabilization Policies

  7. Back Matter
    Pages 323-341

About this book


This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.


business cycle economic theory economics employment income distribution Inflation John Maynard Keynes Keynes liquidity macroeconomics monetary economics monetary policy money money market unemployment

Editors and affiliations

  • Giuseppe Fontana
    • 1
    • 2
  • Mark Setterfield
    • 3
  1. 1.University of LeedsUK
  2. 2.University of SannioItaly
  3. 3.Trinity CollegeHartfordUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking