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Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run. From the major economic crisis to the budget deficits of the United States, the detailed boxes in this text have been updated to convey the life of macroeconomics today and reinforce the lessons from the models, making them more concrete and easier to grasp.
Table of Contents
Chapter 1. A Tour of the World Chapter 2. A Tour of the Book Chapter 3. The Goods Market Chapter 4. Financial Markets Chapter 5. Goods and Financial Markets: The IS-LM Model Chapter 6. The Labor Market Chapter 7 Putting All Markets Together: The AS/AD Model Chapter 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation Chapter 9. The Crisis Chapter 10. The Facts of Growth Chapter 11. Saving, Capital Accumulation, and Output Chapter 12. Technological Progress and Growth Chapter 13. Technological Progress. The Short, the Medium, and the Long Run Chapter 14. Expectations: The Basic Tools Chapter 15. Financial Markets and Expectations Chapter 16. Expectations, Consumption, and Investment Chapter 17. Expectations, Output, and Policy Chapter 18. Openness in Goods and Financial Markets Chapter 19. The Goods Market in an Open Economy Chapter 20. Output, the Interest Rate, and the Exchange Rate Chapter 21. Exchange Rate Regimes Chapter 22. Should Policy Makers be Restrained? Chapter 23. Fiscal Policy: A Summing Up Chapter 24. Monetary Policy: A Summing Up Chapter 25. Epilogue: The Story of Macroeconomics