Macroeconomics Imperfections, Institutions and Policies

Name: Macroeconomics Imperfections, Institutions and Policies
Price: 9.47 USD
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ISBN: 9780198776222

ISBN-10: 0198776225

ISBN-13: 9780198776222

Edition: 2006

Authors: Wendy Carlin, David Soskice

List price: $199.99

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The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are- the IS curve- the Phillips curve and- an interest rate-based monetary policy rule.The use of a common framework throughout for closed and open economies helps readers develop the economic intuition with which to address a diversity of macroeconomic problems. Applied…

Book details

List price: $199.99
Copyright year: 2006
Publisher: Oxford University Press, Incorporated
Publication date: 2/2/2006
Binding: Paperback
Pages: 856
Size: 7.40" wide x 9.69" long x 1.22" tall
Weight: 3.652
Language: English



Preface



Motivation for Macroeconomic Models



The Macroeconomic Model



Aggregate Demand, Aggregate Supply and Business Cycles



Inflation, Unemployment and Monetary Rules



Labour Markets and Supply-Side Policies



Monetary Policy



Fiscal Policy



Consumption, Investment And Money



Consumption and Investment



Money and Finance



The Open Economy



The open economy in the short run



Inflation and Unemployment in the Open Economy



Shocks and Policy Responses in the Open Economy



Interdependent Economies



Growth



Exogenous Growth Theory



Endogenous and Schumpeterian Growth



Micro-Foundations And Political Economy



New Keynesian Micro-foundations



Political Economy



Applications



Performance and Policy in Europe, the USA and Japan



Unemployment: institutions, shocks and policies