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- DescriptionLectures on Macroecomics provides the first comprehensive description and evaluation of macroecomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is t as they present the essence of macroecomic theory today.The main purpose of Lectures on Macroecomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern ecomic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations. Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of minal rigidities; competitive equilibrium business cycles, minal rigidities and ecomic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroecomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of ecomic policy, monetary policy, fiscal policy, and dynamic inconsistency. Written as a text for graduate students with some background in macroecomics, statistics, and ecometrics, Lectures on Macroecomics also presents topics in a self contained way that makes it a suitable reference for professional ecomists.
- Author BiographyOlivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, Washington, D.C. Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).
- Author(s)Olivier Blanchard,Stanley Fischer
- PublisherMIT Press Ltd
- Date of Publication01/01/1989
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note91
- Weight1021 g
- Width152 mm
- Height229 mm
- Spine28 mm
- Interest AgeFrom 18
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