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
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