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Macroeconomics

Macroeconomics


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About the Book

Written by one of the leading macroeconomic theorists in the world, this volume takes the modern equilibrium or marketing clearing approach to analyzing and explaining macroeconomic activity consistently using real-world data to build a macroeconomic model that is internally coherent and consistent with microeconomic theory. Covering the frontiers of macro research the text provides a basis for applying the marketing clearing approach to international topics. Chapters include: coverage of international borrowing lending; shifts in terms of trade; flexible and fixed exchange rates; recent behaviour of real exchange rates; and fiscal policy in the world economy.

Table of Contents:
MICROECONOMIC FOUNDATIONS AND THE BASIC MARKET-CLEARING MODEL: Work Effort, Production and Consumption: The Economics of Robinson Crusoe; The Behavior of Households with Markets for Commodities and Credit; The Demand for Money; The Basic Market-Clearing Model; The Labor Market; INFLATION: Inflation and Interest Rates; Money, Inflation and Interest Rates in the Market-Clearing Model; BUSINESS FLUCTUATIONS, ECONOMIC GROWTH AND UNEMPLOYMENT: Investment; The Accumulation of Capital and Economic Growth; Unemployment; GOVERNMENT BEHAVIOR: Government Purchases and Public Services; Taxes and Transfers; The Public Debt; THE INTERNATIONAL ECONOMY: World Markets in Goods and Credit; Exchange Rates; INTERACTIONS BETWEEN THE MONETARY SECTOR AND THE REAL SECTOR: Financial Intermediation; The Interplay between Nominal and Real Variables: What is the Evidence?; Money and Business Fluctuations in the Market-Clearing Model; The Keynesian Theory of Business Fluctuations.


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Product Details
  • ISBN-13: 9780471502821
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Inc
  • Edition: Revised edition
  • Language: English
  • Width: 42 mm
  • ISBN-10: 0471502820
  • Publisher Date: 16 Jan 1990
  • Binding: Hardback
  • Height: 94 mm
  • Weight: 1077 gr


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