Abstract This paper discusses how macroeconomics can and already has begun to make use of controlled experimental methods address the assumptions predictions macroeconomic models as well evaluate impacts policy interventions. Specific issues addressed include rational expectations alternatives, intertemporal optimization with an application household consumption savings decisions efficacy vario...

In this paper, we provide a survey of dynamic game theory with special emphasis on past and possible future applications to problems of international economic policy making, where we concentrate on macroeconomic and stabilization policy problems. First, the paper gives a brief introduction to the theory of dynamic games. Next, we show by example that dynamic game theory can provide insights int...

1. Scope of Macroeconomics 2. The Keynesian View of Unemployment 2.1 A Simple Keynesian Model 2.2 Extension of the Simple Keynesian Model: A Capital Scarce, Labor Surplus Economy 2.3 Further Extension: Industry and Agriculture 3. Money, Keynes, and the Classics 3.1 The Classical Theory of Employment 3.2 The Keynesian Revolution 3.3 Friedman’s Counter-revolution 4. New Classical Macroeconomics 4...