For intermediate courses in economics.

In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling

students to see the connections between goods markets, financial markets, and labor markets

worldwide.

A unified view of the latest macroeconomic events

In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling

students to see the connections between goods markets, financial markets, and labor markets

worldwide. Organized into two parts, the text contains a core section that focuses on short-,

medium-, and long-run markets and two major extensions that offer more in-depth coverage of

the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to

monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps

students make sense not only of current macroeconomic events but also of those that may

unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey

the life of macroeconomics today, reinforce lessons from the models, and help students employ

and develop their analytical and evaluative skills.

Inhalt

PART I: INTRODUCTION

1. 1. A Tour of the World
2. 2. A Tour of the Book
      PART II: THE SHORT RUN
3. The Goods Market 4. Financial Markets I 5. Goods and Financial Markets; The IS-LM Model 6. Financial Markets II
   PART III: THE MEDIUM RUN
4. The Labor Market 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation 9. Putting All Markets Together: From the Short to the Medium Run PART IV: THE LONG RUN
5. The Facts of Growth 11. Saving, Capital Accumulation, and Output 12. Technological Progress and Growth 13. The Challenges of Growth EXTENSIONS PART V: EXPECTATIONS
6. Financial Markets and Expectations 15. Expectations, Consumption, and Investment 16. Expectations, Output, and Policy PART VI: THE OPEN ECONOMY
7. Openness in Goods and Financial Markets 18. The Goods Market in an Open Economy 19. Output, the Interest Rate, and the Exchange Rate 20. Exchange Rate Regimes PART VII: BACK TO POLICY
8. Should Policy Makers Be Restrained? 22. Fiscal Policy: A Summing Up 23. Monetary Policy: A Summing Up 24. Epilogue: The Story of Macroeconomics
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