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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.
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