Macroeconomic Policy: Demystifying Monetary and Fiscal Policy (Google eBook)

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Springer Science & Business Media, Apr 5, 2009 - Political Science - 308 pages
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Macroeconomic policy is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful. A unique feature of this book is the extensive use of specially written 'newspaper' articles designed to simulate current macroeconomic news. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed.
  

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Contents

Introduction and Overview of the Second Edition
1
National Income Accounts
7
The National Savings Identity
23
Setting the Stage for DemandSide Stabilization
47
Overheating Hard Landing and Everything in Between
69
LongTerm Interest Rates the Yield Curve and Hyperinflation
107
The Engine Room
131
The Classical Model
159
The Keynesian Model
175
The SupplySide Model and the New Economy
207
Central Banks and Monetary Policy
245
Bibliography
281
Index
284
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