Macroeconomics : Imperfections, Institutions, and Policies

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A comprehensive guide to understanding modern macroeconomics.

This book could be a good read for anyone interested in gaining a deep understanding of modern macroeconomics. With its unified framework and graphical model, it provides a clear and intuitive way to analyze real-world macroeconomic behavior and policy issues. The applied chapters on OECD economies offer practical insights, while the in-depth coverage of growth models helps answer the big questions of why some countries are rich while others are poor. Whether you're a graduate student, professional economist, or simply interested in contemporary policy debates, this book is an essential resource.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Macroeconomics : Imperfections, Institutions, and Policies

Regular price $4.90
Unit price
per
ISBN: 9780198776222
Date of Publication: 2006-02-02
Format: Paperback
Related Collections: Economics, Business
Goodreads rating: 3.87
(rated by 38 readers)

Description

The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behavior and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are the IS curve, the Phillips curve, and an interest rate-based monetary policy rule. The use of a common framework throughout for closed and open economies helps students develop the economic intuition with which to address a diversity of macroeconomic problems.Applied chapters show how models can be used to analyze performance in OECD economies over the past 25 years. The chapters on growth present in-depth coverage of the Solow-Swan, endogenous, and Schumpeterian models that allow students to understand how these approaches can be used to anser the big questions of why some countries are rich and other are poor; why some catch up and others do not. Because the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced macroeconomics. It is also designed to appeal to graduate students, non-specialists in maacroeconomics, professional economists, and those from related disciplines who want a guide to the complexities of modern macroecnomics and to understand contemporary policy debates.Online Resource The companion website will provide exercises and checklist questions for students as well as password-protected solutions and diagrams from the text for instructors.
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A comprehensive guide to understanding modern macroeconomics.

This book could be a good read for anyone interested in gaining a deep understanding of modern macroeconomics. With its unified framework and graphical model, it provides a clear and intuitive way to analyze real-world macroeconomic behavior and policy issues. The applied chapters on OECD economies offer practical insights, while the in-depth coverage of growth models helps answer the big questions of why some countries are rich while others are poor. Whether you're a graduate student, professional economist, or simply interested in contemporary policy debates, this book is an essential resource.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.