Macroeconomics / Olivier Blanchard, David R. Johnson
Imprint
Boston : Pearson, c2013
Edition
6th ed., Global edition
Descript
573 p. : ill. ; 26 cm
SUMMARY
Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run. From the major economic crisis to the budget deficits of the United States, the detailed boxes in this text have been updated to convey the life of macroeconomics today and reinforce the lessons from the models, making them more concrete and easier to grasp. -- From publisher's web site
CONTENT
The goods market -- Financial markets -- Goods and financial markets: the IS-LM model -- The labor market -- Putting all markets together: the AS-AD model -- The philips curve, the natural rate of unemployment, and inflation -- The crisis -- The facts of growth -- Saving, capital accumulation, and output -- Technological progress and growth -- Technological progress: the short, the medium, and the long run -- Expectations: the basic tools -- Financial markets and expectations -- Expectations, consumption, and investment -- Expectations, output, and policy -- Openness in goods and financial markets -- The goods market in an open economy -- Output, the interest rate, and the exchange rate -- Exchange rate regimes -- Should policy makers be restrained -- Fiscal policy: a summing up -- Monetary policy: a summing up ; Epilogue: the story of macroeconomics