Macroeconomic Theory and Policy

Macroeconomic Theory and Policy

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Description

This widely respected classic text is designed for upper-level and graduate courses. Detailed and clear exposition of such topics as traditional expectations, money demand, and policy rules are integrated into the text's readily accessible and popular format.
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Product details

  • Hardback | 672 pages
  • 188 x 231.1 x 40.6mm | 1,111.31g
  • Longman Inc
  • New Jersey, United States
  • English
  • 3rd edition
  • 0060409320
  • 9780060409326
  • 2,191,927

Table of contents

I. AN INTRODUCTION TO MACROECONOMICS.

1. Actual and Potential GNP: Fluctuations and Growth.
2. A Review of the National Income and Product Accounts.
3. Introduction to Income Determination: The Multiplier.
II. NATIONAL INCOME DETERMINATION: THE STATIC EQUILIBRIUM MODEL.

4. Demand-Side Equilibrium: Income and the Interest Rate.
5. An Introduction to Monetary and Fiscal Policy.
6. Demand and Supply in the Labor Market.
7. Supply-Side Equilibrium: Output and the Price Level.
8. Equilibrium in the Static Model.
9. Monetary, Fiscal, and Incomes Policy.
10. Search, Wage Rigidity, and Unemployment.
11. Rational Expectations and Demand Policy.
III. SECTORAL DEMAND FUNCTIONS AND EXTENSIONS OF THE STATIC MODEL.

12. Consumption and Consumer Expenditure.
13. Investment Demand.
14. The Demand for Money.
15. The Supply of Money.
16. Monetary and Fiscal Policy in the Extended Model.
17. The Foreign Sector and the Balance of Payments.
18. Macroeconomics When Markets Do Not Clear.
IV. MEDIUM-TERM DYNAMICS: BETWEEN STATIC EQUILIBRIUM AND LONG-RUN GROWTH.

19. Inflation, Productivity, and Income Distribution.
20. Inflation and Unemployment: The Phillips Curve.
21. Introduction to Stock-Adjustment Dynamics.
22. Trend Growth in the Static Model.
V. LONG-RUN GROWTH WITH FULL EMPLOYMENT.

23. Introduction to Growth Models.
24. The Basic Neoclassical Growth Model.
25. The Basic Model Extended: Varying Saving Assumptions.
26. The Golden Rule and an Introduction to Optimal Growth Models.
27. Medium-Term Growth and "The Measure of Our Ignorance."
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Rating details

112 ratings
3.98 out of 5 stars
5 46% (52)
4 29% (32)
3 11% (12)
2 5% (6)
1 9% (10)
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