Macroeconomics

ISBN-13: 9780230275973 / Angielski / Miękka / 2013 / 576 str.

Nils Gottfries

Opis

Macroeconomics presents a new approach to macroeconomics, based on microeconomic foundations combined with Keynesian-style short-run policy analysis.
The book features:
A pronounced international stance, systematically presenting data from several countries
Consistent treatment of the long and short run and the closed and open economy
A highly relevant approach that takes account of market imperfections and rigidities, which characterize real economies
Up-to-date chapters on EMU, business cycles, institutions and policy, and financial markets and crises
End of chapter summaries, exercises with varying levels of difficulty, plus appendices providing extension material
Written in a clear and direct style, Gottfries's Macroeconomics is the ideal textbook for students who seek a thorough understanding of modern macroeconomics in preparation for work or further study.
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Spis treści

Introduction.- PART I: THE LONG RUN Production, Prices and the Distribution of Income.- Interest Rates and Investment.- Consumption and the Natural Rate of Interest.- Capital Accumulation and Growth.- Wage Setting and Unemployment.- Money and Inflation in the Long Run.- PART II: THE SHORT RUN The Interest Rate and Production in the Short Run.- Economic Activity and Inflation in the Short Run.- PART III: ECONOMIC POLICY Monetary Policy.- Fiscal Policy.- PART IV: THE OPEN ECONOMY Exports, Imports, and International Financial Markets.- The Open Economy in the Long Run.- The Open Economy in the Short Run.- Exchange Rate Systems and Monetary Union.- PART V: BUSINESS CYCLES, POLICYMAKING, FINANCIAL MARKETS Business Cycles.- Institutions and Economic Policy.- Financial Markets.

O autorze

Nils Gottfries is a Professor of Economics at Uppsala University, Sweden and former editor of The Scandinavian Journal of Economics. He has published extensively in journals including the QJE, JPE, EJ, EER. Most of his research has been concerned with the microeconomic foundations of macroeconomics, particularly the theory of the supply side: prices, wages, and unemployment. He was a member of the Swedish commission on the EMU. He has been teaching macroeconomics regularly at the intermediate and graduate levels.