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.
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For intermediate economics courses. Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.
Chapter 1. A Tour of the WorldChapter 2. A Tour of the BookChapter 3. The Goods MarketChapter 4. Financial MarketsChapter 5. Goods and Financial Markets: The IS-LM ModelChapter 6. The Labor MarketChapter 7 Putting All Markets Together: The AS/AD ModelChapter 8. The Phillips Curve, the Natural Rate of Unemployment, and InflationChapter 9. The CrisisChapter 10. The Facts of GrowthChapter 11. Saving, Capital Accumulation, and OutputChapter 12. Technological Progress and GrowthChapter 13. Technological Progress. The Short, the Medium, and the Long RunChapter 14. Expectations: The Basic ToolsChapter 15. Financial Markets and ExpectationsChapter 16. Expectations, Consumption, and InvestmentChapter 17. Expectations, Output, and PolicyChapter 18. Openness in Goods and Financial MarketsChapter 19. The Goods Market in an Open EconomyChapter 20. Output, the Interest Rate, and the Exchange RateChapter 21. Exchange Rate RegimesChapter 22. Should Policy Makers be Restrained?Chapter 23. Fiscal Policy: A Summing UpChapter 24. Monetary Policy: A Summing UpChapter 25. Epilogue: The Story of Macroeconomics
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Produktdetaljer

ISBN
9780133061635
Publisert
2012-11-07
Utgave
6. utgave
Utgiver
Vendor
Pearson
Vekt
1220 gr
Høyde
260 mm
Bredde
206 mm
Dybde
25 mm
Aldersnivå
05, U
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
624

Biographical note

Olivier Jean Blanchard is currently the chief economist at the International Monetary Fund, a post he has held since September 1, 2008. He is also the Class of 1941 Professor of Economics at MIT, though he is currently on leave. Blanchard is one of the most cited economists in the world.

Blanchard earned his Bachelors degree at Paris Dauphine University, and his Ph.D. in Economics in 1977 at MIT. He taught at Harvard university between 1977 and 1983, after which time he returned to MIT as a professor. Between 1998 and 2003 Blanchard served as the Chairman of the Economics Department at MIT. He is also an adviser for the Federal Reserve banks of Boston (since 1995) and New York (since 2004). Blanchard has published numerous research papers in the field of macroeconomics, as well as undergraduate and graduate macroeconomics textbooks.

David Johnson is Professor of Economics at Wilfrid Laurier University. Professor Johnson's areas of specialty are macroeconomics, international finance and the economics of education. He has an ongoing appointment as C.D. Howe Institute Education Policy Scholar. He most recently was Fulbright Scholar at the University of California, Santa Barbara from January to June 2008. Professor Johnson received his undergraduate degree from the University of Toronto in 1978. He received his Masters degree from the University of Western Ontario and his PhD from Harvard University

His published work includes the studies of Canada's international debts, the influence of American interest rates on Canadian interest rates, and the determination of the Canada-United States exchange rate as well as a comprehensive analysis of elementary school test scores in Ontario, Alberta and British Columbia. He has also written on monetary policy in Canada and around the world, both on the goal of lower inflation and on the role of inflation targets. His teaching is in macroeconomics and international finance. He is co-author of Macroeconomics: Third Canadian Edition, an intermediate macroeconomics text. One specific teaching interest is in using spreadsheets to teach intermediate macroeconomics. . Before coming to Wilfrid Laurier in 1985, David worked for two years at the Bank of Canada. In 1990 he spent a year at the National Bureau of Economic Research, and in 1999 a year at the University of Cambridge in England. David Johnson lives in Waterloo, Ontario, with his wife Susan, also an economics professor. When not studying or teaching economics, he plays Oldtimers' Hockey in the winter and sculls in the summer.