The definitive graduate textbook on modern macroeconomics
Macroeconomic Theory is the most up-to-date graduate-level
macroeconomics textbook available today. This revised second edition
emphasizes the general equilibrium character of macroeconomics to
explain effects across the whole economy while taking into account
recent research in the field. It is the perfect resource for students
and researchers seeking coverage of the most current developments in
macroeconomics. Michael Wickens lays out the core ideas of modern
macroeconomics and its links with finance. He presents the simplest
general equilibrium macroeconomic model for a closed economy, and then
gradually develops a comprehensive model of the open economy. Every
important topic is covered, including growth, business cycles, fiscal
policy, taxation and debt finance, current account sustainability, and
exchange-rate determination. There is also an up-to-date account of
monetary policy through inflation targeting. Wickens addresses the
interrelationships between macroeconomics and modern finance and shows
how they affect stock, bond, and foreign-exchange markets. In this
edition, he also examines issues raised by the most recent financial
crisis, and two new chapters explore banks, financial intermediation,
and unconventional monetary policy, as well as modern theories of
unemployment. There is new material in most other chapters, including
macrofinance models and inflation targeting when there are supply
shocks. While the mathematics in the book is rigorous, the fundamental
concepts presented make the text self-contained and easy to use.
Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is
the standard book on the subject for students and economists. The most
up-to-date graduate macroeconomics textbook available today General
equilibrium macroeconomics and the latest advances covered fully and
completely Two new chapters investigate banking and monetary policy,
and unemployment Addresses questions raised by the recent financial
crisis Web-based exercises with answers Extensive mathematical
appendix for at-a-glance easy reference This book has been adopted as
a textbook at the following universities: American University Bentley
College Brandeis University Brigham Young University California
Lutheran University California State University - Sacramento Cardiff
University Carleton University Colorado College Fordham University
London Metropolitan University New York University Northeastern
University Ohio University - Main Campus San Diego State University
St. Cloud State University State University Of New York - Amherst
Campus State University Of New York - Buffalo North Campus Temple
University - Main Texas Tech University University of Alberta
University Of Notre Dame University Of Ottawa University Of Pittsburgh
University Of South Florida - Tampa University Of Tennessee University
Of Texas At Dallas University Of Washington University of Western
Ontario Wesleyan University Western Nevada Community College
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Produktdetaljer
ISBN
9781400842476
Publisert
2013
Utgave
2. utgave
Utgiver
Vendor
Princeton University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter