Macroeconomics

Description

Book Features:

• The story of the Great Recession: New sections include a discussion of the bubbles and bust that led up to the Great Recession, unorthodox monetary policy during the Great Recession as well as the enormous fiscal stimulus and the reasons we see “jobless recoveries”
• Numerous up-to-date examples keep the text current: New boxes include “Who Calls Recessions?,” “The Chinese Growth Miracle,” “The Multiplier in Practice” (a discussion of estimates of empirical multipliers), “What Did Happen When the Interest Rate Hit Zero?
• Thoroughly updated data: Graphs, data tables and empirical homework questions use the latest data available

Table of Contents:

Part 1: Introduction and National Income Accounting

• Chapter 1 – Introduction
• Chapter 2 – National Income Accounting

Part 2: Growth, Aggregate Supply and Demand and Policy

• Chapter 3 – Growth and Accumulation
• Chapter 4 – Growth and Policy
• Chapter 5 – Aggregate Supply and Demand
• Chapter 6 – Aggregate Supply: Wages, Prices and Unemployment
• Chapter 7 – The Anatomy of Inflation and Unemployment
• Chapter 8 – Policy Preview

Part 3: First Models

• Chapter 9 – Income and Spending
• Chapter 10 – Money, Interest and Income
• Chapter 11 – Monetary and Fiscal Policy
• Chapter 12 – International Linkages

Part 4: Behavioral Foundations

• Chapter 13 – Consumption and Saving
• Chapter 14 – Investment Spending
• Chapter 15 – The Demand for Money
• Chapter 16 – The Fed, Money and Credit
• Chapter 17 – Policy
• Chapter 18 – Financial Markets and Asset Prices

Part 5: Big Events, International Adjustments and Advanced Topics

• Chapter 19 – Big Events: The Economics of Depression, Hyperinflation and Deficits
• Chapter 20 – International Adjustment and Interdependence
• Chapter 21 – Advanced Topics