Macroeconomics Policy and Practice

by Mishkin, Frederic S.

• ISBN13: 9780321436337
• ISBN10: 0321436334
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-12-27
• Publisher: Prentice Hall

Summary

Building on his expertise in macroeconomic policymaking at the Federal Reserve, Mishkin#x19;s Macroeconomics: Policy and Practiceprovides a theoretical framework that illustrates the most current and relevant policy debates in the field. Introduction: The Policy and Practice of Macroeconomics; Measuring Macroeconomic Data; Aggregate Production and Productivity; Saving and Investment in Closed and Open Economies; Money and Inflation; The Sources of Growth and the Solow Model; Drivers of Growth: Technology, Policy, and Institutions; Business Cycles: An Introduction; The IS Curve; Monetary Policy and Aggregate Demand; Aggregate Supply and the Phillips Curve; The Aggregate Demand and Supply Model; Macroeconomic Policy and Aggregate Demand and Supply Analysis; The Financial System and Economic Growth; Financial Crises and the Economy; Fiscal Policy and the Government Budget; Exchange Rates and International Economic Policy; Consumption and Saving; Investment; The Labor Market, Employment, and Unemployment; The Role of Expectations in Macroeconomic Policy; Modern Business Cycle Theory For anyone interested in understanding the most current and relevant policy debates in the field.

Author Biography

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and University Columbia. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.

Table of Contents

PART 1: INTRODUCTION
Chapter 1. Introduction: The Policy and Practice of Macroeconomics
Chapter 2. Measuring Macroeconomic Data
PART 2: MACROECONOMIC BASICS
Chapter 3. Aggregate Production and Productivity
Chapter 4. Saving and Investment in Closed and Open Economies
Chapter 5. Money and Inflation
PART 3: LONG-RUN ECONOMIC GROWTH
Chapter 6. The Sources of Growth and the Solow Model
Chapter 7. Drivers of Growth: Technology, Policy, and Institutions
PART 4: BUSINESS CYCLES: THE SHORT-RUN
Chapter 8. Business Cycles: An Introduction
Chapter 9. The IS Curve
Chapter 10. Monetary Policy and Aggregate Demand
Chapter 11. Aggregate Supply and the Phillips Curve
Chapter 12. The Aggregate Demand and Supply Model
Chapter 13. Macroeconomic Policy and Aggregate Demand and Supply Analysis
PART 5: FINANCE AND THE MACROECONOMY
Chapter 14. The Financial System and Economic Growth
Chapter 15. Financial Crises and the Economy
PART 6: MACROECONOMIC POLICY
Chapter 16. Fiscal Policy and the Government Budget
Chapter 17. Exchange Rates and International Economic Policy
PART 7: MICROECONOMIC FOUNDATIONS OF MACROECONOMICS
Chapter 18. Consumption and Saving
Chapter 19. Investment
Chapter 20. The Labor Market, Employment, and Unemployment
PART  8: MODERN BUSINESS CYCLE ANALYSIS AND MACROECONOMIC POLICY
Chapter 21. The Role of Expectations in Macroeconomic Policy
Chapter 22. Modern Business Cycle Theory