MacroeconomicsThis book conveys the excitement of macroeconomics, covering many of the main macroeconomic issues of the day issues often missing from other texts. Its example-rich approach provides a strong emphasis on the role of expectations, the openness of modern economics, and the role of dynamics. |
Contents
PART ONE INTRODUCTION | 1 |
A TOUR OF THE BOOK | 19 |
PART TWO THE BASICS | 40 |
Copyright | |
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Common terms and phrases
assumption average billion bonds budget deficit c₁ central bank Chapter checkable deposits consumers consumption countries crease decrease deficit reduction demand for money devaluation disposable income dollar domestic economists economy effects equation equilibrium example expected future expected inflation exports Figure financial markets firms fixed exchange rates foreign GDP deflator German given GLOBAL MACRO government spending growth rate higher implies increase in output inflation rate investment IS-LM model labor level of output LM curve look lower macroeconomic macroeconomists ment monetary policy money growth money supply natural level natural rate nominal interest rate nominal money one-year output growth output per capita output per worker payments percent Phillips curve present value price level production profit quarter ratio real exchange rate real GDP real interest rate real money recession saving rate shift stock prices Suppose taxes technological progress tion trade balance trade deficit unemployed unemployment rate United variables
References to this book
The Case for Joint Management of Exchange Rate Flexibility C. Fred Bergsten No preview available - 1999 |