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ISBN 10: 0691116407
ISBN 13: 9780691116402
Author: Michael Wickens
Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource for economists who need to brush up on the latest developments.
Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, exchange-rate determination, and an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. While the mathematics needed for this book is rigorous, the author describes fundamental concepts in a way that helps make the book self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory will become the standard text for students and is ideal for economists, particularly those in government, central and commercial banking, and financial investment.
1 Introduction
2 The Centralized Economy
3 Economic Growth
4 The Decentralized Economy
5 Government: Expenditures and Public Finances
6 Fiscal Policy: Further Issues
7 The Open Economy
8 The Monetary Economy
9 Imperfectly Flexible Prices
10 Unemployment
11 Asset Pricing and Macroeconomics
12 Financial Markets
13 Nominal Exchange Rates
14 Monetary Policy
15 Banks, Financial Intermediation, and Unconventional Monetary Policy
16 Real Business Cycles, DSGE Models, and Economic Fluctuations
17 Mathematical Appendix
Tags: Michael Wickens, Macroeconomic, Dynamic
