Macroeconomics

Erscheinungsjahr 2005
ISBN: 978-0-19-877622-2
Verlag: ACADEMIC

Buch, Englisch, 856 Seiten, Format (B × H): 189 mm x 246 mm, Gewicht: 1617 g

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 behaviour 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

BL the IS curve
BL the Phillips curve and
BL an interest rate-based monetary policy rule.
The use of a common framework throughout for closed and open economies helps readers develop the economic intuition with which to address a diversity of macroeconomic problems. Applied chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do not.

Since 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 macroeconomics, professional economists and those from related disciplines who want a guide to the complexities of modern macroeconomics and to understand contemporary policy debates.

Online Resource Centre

For lecturers: password-protected solutions and diagrams from the text.

For students: exercises and checklist questions.

Zielgruppe

Designed to appeal to undergraduates and graduate students, non-specialists in macroeconomics, professional economists, and those from related disciplines such as political science and public policy who want a guide to modern macroeconomics and to understand contemporary policy debates.

Autoren/Hrsg.

Carlin

Carlin, Wendy

Soskice, David

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

- Preface

- 1: Motivation for Macroeconomic Models

- PART 1: THE MACROECONOMIC MODEL

- 2: Aggregate Demand, Aggregate Supply and Business Cycles

- 3: Inflation, Unemployment and Monetary Rules

- 4: Labour Markets and Supply-Side Policies

- 5: Monetary Policy

- 6: Fiscal Policy

- PART 2: CONSUMPTION, INVESTMENT AND MONEY

- 7: Consumption and Investment

- 8: Money and Finance

- PART 3: THE OPEN ECONOMY

- 9: The open economy in the short run

- 10: Inflation and Unemployment in the Open Economy

- 11: Shocks and Policy Responses in the Open Economy

- 12: Interdependent Economies

- PART 4: GROWTH

- 13: Exogenous Growth Theory

- 14: Endogenous and Schumpeterian Growth

- PART 5: MICRO-FOUNDATIONS AND POLITICAL ECONOMY

- 15: New Keynesian Micro-foundations

- 16: Political Economy

- PART 6: APPLICATIONS

- 17: Performance and Policy in Europe, the USA and Japan

- 18: Unemployment: institutions, shocks and policies

Über Autor(innen)

Wendy Carlin is Professor of Economics at University College London and is a Research Fellow of the Centre for Economic Policy Research. She is managing editor of the Economics of Transition and has published widely on macroeconomics, institutions, and transition.

David Soskice is Research Professor at Duke University and at the Wissenschaftszentrum Berlin. He is Centennial Professor in the European Institute at the London School of Economics. He is Emeritus Fellow in Economics at University College, Oxford and has held visiting positions at the Australian National University and the universities of Berkeley, Johns Hopkins Bologna, Cornell, Pisa, Trento and Yale. He has published widely in economics, industrial relations, and political science.