000 01216cam a2200325 i 4500
999 _c2633
_d2633
020 _a9789332587601
082 0 0 _a339 Ol47 M
_b102415
100 1 _aOlivier Blanchard
245 1 0 _aMACROECONOMICS /
_cOlivier Blanchard, International Monetary Fund, Massachusetts Institute of Technology, David R. Johnson, Wilfrid Laurier University.
250 _a6th ed.
260 _aNew Delhi
_bPearson
_c2017
300 _a573
_billustrations ;
_c27 cm
500 _aIn Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium- and long-run markets and three major extensions that offer more in-depth coverage of the issues at hand. Features • Current Events. Current macroeconomic events are integrated into each chapter of the book within the text and detailed boxes. • Implications of Equilibrium. Blanchard offers a underlying model that draws the implications of equilibrium in three sets of markets: the goods market, the financial markets and the labor market. • 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. • New Chapter on the economic crisis. Chapter 9: The Crisis focuses on the origins of the crisis, the role of the financial system and the constraints facing fiscal and monetary policy, such as the liquidity trap and the high level of public debt. • New Chapter 23 on Fiscal Policy has been substantially re-written to focus on the current debt problems of the United States.
505 _aChapter 1. A Tour of the World Chapter 2. A Tour of the Book Chapter 3. The Goods Market Chapter 4. Financial Markets Chapter 5. Goods and Financial Markets: The IS-LM Model Chapter 6. The Labor Market Chapter 7 Putting All Markets Together: The AS/AD Model Chapter 8. The Phillips Curve, the Natural Rate of Unemployment and Inflation Chapter 9. The Crisis Chapter 10. The Facts of Growth Chapter 11. Saving, Capital Accumulation and Output Chapter 12. Technological Progress and Growth Chapter 13. Technological Progress. The Short, the Medium and the Long Run Chapter 14. Expectations: The Basic Tools Chapter 15. Financial Markets and Expectations Chapter 16. Expectations, Consumption and Investment Chapter 17. Expectations, Output and Policy Chapter 18. Openness in Goods and Financial Markets Chapter 19. The Goods Market in an Open Economy Chapter 20. Output, the Interest Rate and the Exchange Rate Chapter 21. Exchange Rate Regimes Chapter 22. Should Policy Makers be Restrained? Chapter 23. Fiscal Policy: A Summing Up Chapter 24. Monetary Policy: A Summing Up Chapter 25. Epilogue: The Story of Macroeconomics
650 0 _aMacroeconomics.
700 1 _aJohnson, David R.,
942 _cBK