Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world’s chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making. – Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research- Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade