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Macroeconomicstraces the history, evolution, and challenges of Keynesian economics, presenting a comprehensive, detailed, and unbiased view of modern macroeconomic theory. This book narrates the evolution of economic theory, presenting the most recent and modern developments, without glossing over the fundamental disagreements among macroeconomists on both theory and policy.
Table of Contents
PART ONE: INTRODUCTION AND MEASUREMENT Chapter 1: Introduction Chapter 2: Measurement of Macroeconomic Variables 13
PART TWO: CLASSICAL ECONOMICS AND THE KEYNESIAN REVOLUTION Chapter 3: Classical Macroeconomics (I): Equilibrium Output and Employment Chapter 4: Classical Macroeconomics (II): Money, Prices, and Interest Chapter 5: The Keynesian System (I):The Role of Aggregate Demand Chapter 6: The Keynesian System (II): Money, Interest, and Income Chapter 7: The Keynesian System (III): Policy Effects in the IS—LM Model Chapter 8: The Keynesian System (IV): Aggregate Supply and Demand
PART THREE: MACROECONOMIC THEORY AFTER KEYNES Chapter 9: The Monetarist Counterrevolution Chapter 10: Output, Inflation, and Unemployment: Alternative Views Chapter 11: New Classical Economics Chapter 12: Real Business Cycles and New Keynesian Economics Chapter 13: Macroeconomic Models :A Summary
PART FOUR: OPEN ECONOMY MACROECONOMICS Chapter 14: Exchange Rates and the International Monetary System Chapter 15: Monetary and Fiscal Policy in the Open Economy
PART FIVE: ECONOMIC POLICY Chapter 16: Money, the Banking System, and Interest Rates Chapter 17: Optimal Monetary Policy Chapter 18: Fiscal Policy
PART SIX: ECONOMIC GROWTH Chapter 19: Policies for Intermediate-Run Growth Chapter 20: Long-Run Economic Growth: Origins of the Wealth of Nations