These volumes focus on the most significant developments in macroeconomic theory since the late 1960s. Professor Phelps presents important recent articles and papers in both the Keynesian and monetarist tradition as well as work by adherents to new classical, neoclassical and supply side economics.Recent Developments in Macroeconomics will be an essential reference source for students, instructors and researchers concerned with new initiatives at the frontier of modern macroeconomic theory.