Description
| Product ID: | 9780198776222 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | GB |
| Title: | Macroeconomics |
| Subtitle: | Imperfections, Institutions, and Policies |
| Authors: | Author: David Soskice, Wendy Carlin |
| Page Count: | 856 |
| Subjects: | Macroeconomics, Macroeconomics |
| Description: | Select Guide Rating Aims to provide a unified framework for the analysis of short- and medium-run macroeconomics. This book seeks to give students a model that they can use themselves to understand real-world macroeconomic behaviour and policy issues. It introduces a graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. 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 areBL the IS curveBL the Phillips curve andBL 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 chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do not.Since the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced macroeconomics. It is also designed to appeal to graduate students, non-specialists in macroeconomics, professional economists and those from related disciplines who want a guide to the complexities of modern macroeconomics and to understand contemporary policy debates. Online Resource CentreFor lecturers: password-protected solutions and diagrams from the text. For students: exercises and checklist questions. |
| Imprint Name: | Oxford University Press |
| Publisher Name: | Oxford University Press |
| Country of Publication: | GB |
| Publishing Date: | 2005-12-15 |
