Macroeconomics: A European Text

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Oxford University Press, 1993 - Business & Economics - 486 pages
This macroeconomics textbook is the first to be written from a European perspective. No previous knowledge is assumed and nearly all topics in macroeconomics are covered, including advanced concepts such as endogenous growth or time inconsistency. It presents the "new" macroeconomics--a synthesis of the older fixed price approach and of the newer microeconomic foundations and intertemporal aspects. The work looks at the open economy and the effect of openness as a source of disturbance, emphasizing the exchange rate and the importance of capital movements and other international linkages. Each chapter includes an overview, summary section, list of key concepts, and many exercises.

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Contents

What Is Macroeconomics?
3
Macroeconomic Accounts
21
The Real Macroeconomy
39
Copyright

21 other sections not shown

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About the author (1993)

Michael Burda is Professor of Macroeconomics and Labour Economics at the Humboldt-Universitaet, Berlin, and has published research relating to the labour markets of both Western and Eastern Europe. Charles Wyplosz is at the Graduate Institute of International Studies, University of Geneva. His
research is on exchange rates and macroeconomic policies. He is a frequent adviser to governments and international organizations.

Michael Burda is Professor of Macroeconomics and Labour Economics at the Humboldt-Universitaet, Berlin, and has published research relating to the labour markets of both Western and Eastern Europe. Charles Wyplosz is at the Graduate Institute of International Studies, University of Geneva. His
research is on exchange rates and macroeconomic policies. He is a frequent adviser to governments and international organizations.

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