Macroeconomics (engelsk)

Olivier Blanchard, Alessia Amighini, Francesco Giavazzi

Detaljer

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Beskrivelse

For intermediate economics courses. A unified view of recent macroeconomic events. Macroeconomics presents an integrated, global view of the subject, and highlights the connections between goods, financial, and labor markets worldwide. A core section focuses on short-, medium-, and long-run markets while 2 extensions offer more in-depth coverage of the issues at hand. From the inflation burst following Covid-19, to the likely effects of AI on growth and inequality, the 9th Edition helps readers make sense of current events and those that may unfold in the future.

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PART I: INTRODUCTION 1. A Tour of the World -- 2. A Tour of the Book -- PART II: THE SHORT RUN 3. The Goods Market -- 4. Financial Markets I -- 5. Goods and Financial Markets; The IS-LM Model -- 6. Financial Markets II -- PART III: THE MEDIUM RUN 7. The Labor Market -- 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation -- 9. Putting All Markets Together: From the Short to the Medium Run -- PART IV: THE LONG RUN 10. The Facts of Growth -- 11. Saving, Capital Accumulation, and Output -- 12. Technological Progress and Growth -- 13. The Challenges of Growth -- EXTENSIONS -- PART V: EXPECTATIONS 14. Financial Markets and Expectations -- 15. Expectations, Consumption, and Investment -- 16. Expectations, Output, and Policy -- PART VI: THE OPEN ECONOMY 17. Openness in Goods and Financial Markets -- 18. The Goods Market in an Open Economy -- 19. Output, the Interest Rate, and the Exchange Rate -- 20. Exchange Rate Regimes -- PART VII: BACK TO POLICY 21. Should Policy Makers Be Restrained? -- 22. Fiscal Policy: A Summing Up -- 23. Monetary Policy: A Summing Up -- 24. Epilogue: The Story of Macroeconomics