This is the second edition of the applications-oriented text designed for those looking for a hands-on approach to analyzing the effects of fiscal and monetary policies. It is useful for MBA students and financial analysts who want to get beyond the jargon.

Macroeconomic policy is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful.

A unique feature of this book is the extensive use of specially written "newspaper" articles designed to simulate current macroeconomic news. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed.

Second edition incorporates greater open-economy approach to macroeconomic analysis and employs a much more global focus Readers can practice relating macroeconomic theory to real-world events using specially written articles contained in the book designed to simulate current macroeconomic news Existing cases and articles have been rewritten for the second edition, and new ones were added to reflect the current state of the major economies and their macropolicies Recent issues including the rollercoaster ride of the dollar, hyperinflation in Zimbabwe of the late 2000's, causes and consequences of hot capital flows in Iceland, the trade-deficit-capital-inflow relationship with China, and the subprime saga are included as new articles The "technology-driven new economy" and supply-side policy analyses for the US and the Eurozone are emphasized Includes supplementary material: sn.pub/extras

Autorentext

Farrokh K. Langdana Dr. Farrokh Langdana is a professor in the Finance/Economics Department at Rutgers Business School, New Jersey. In addition to this volume, he is the author of three research-oriented books (two co-authored with Prof. Richard C.K. Burdekin), the textbook, Macroeconomic Policy: Demystifying Monetary and Fiscal Policy, now in its second edition, and several publications pertaining to macroeconomic policy and macro-experimentation. Dr. Langdana is currently the Director of the globally ranked Executive MBA (EMBA) program at Rutgers Business School. He teaches Macroeconomic Policy as well as International Trade and Global Macroeconomics in the EMBA program as well as in the full-time and Flex MBA programs at Rutgers Business School. In addition to being the recipient of the Warren I. Susman Award for Excellence in Teaching (Rutgers University's highest teaching award), Prof. Langdana has also been awarded the Paul Nadler Award for Teaching Excellence, the Horace dePodwin Research Award, over ten Executive MBA Teaching Excellence Awards and over 20 Rutgers MBA teaching awards. In addition to teaching in the United States, Prof. Langdana has also taught Executive MBA students in China (Beijing and Shanghai), Singapore, France and in Iceland, and has lectured in India. Please visit Business.Rutgers.edu/Langdanamacro and scroll down for some of Professor Langdana's blogs. He can be contacted at Langdana@Business.Rutgers.edu Peter T. MurphyPeter T. Murphy is an operating partner with Dubilier & Company. He currently serves as President and C.E.O. of DC Safety, a leading supplier of safety products to the automotive industry. Mr. Murphy has 25 years of experience as a pioneer and leader in global business, establishing ventures and achieving growth in dozens of countries across Asia, Europe, and the Americas. Mr. Murphy's expertise in business strategyis complemented by his hands-on experience in multiple disciplines including sales, operations, supply chain, finance, marketing, and technology. His industry experience, in addition to automotive, includes the packaging, apparel, medical equipment, and retail sectors. Mr. Murphy received his Masters in Business Administration with a concentration in Finance from Rutgers Business School in 2010, and was awarded the Executive MBA Achievement Award for Highest Academic Achievement in the EMBA Program. He earned his Bachelor of Science in Humanities from Iona College in 2006. He has given lectures on international business and global trade to academic and business audiences in Asia and the United States, and has taught at the MBA level as an adjunct lecturer at Rutgers Business School. Peter Murphy can be contacted at Murphypt@gmail.com

Klappentext
Macroeconomic Policy 2nd Edition is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful. A unique feature of this book is the extensive use of specially written "newspaper" articles designed to simulate current macroeconomic news. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed. This edition incorporates a greater open-economy approach to macroeconomic analysis and employs a much more global focus: Existing cases and articles have been rewritten, and new ones added to reflect the current state of the major economies and their macropolicies. Housing and asset-price bubbles in the US, India, China, the UK, Iceland, and many countries in the Eurozone in the "post-subprime world" are analyzed. The rollercoaster ride of the dollar that began in 2007 is examined as well as the effect on currencies pegged to the US dollar. Global events including the hyperinflation in Zimbabwe of the late 2000's, causes and consequences of hot capital flows in Iceland, the trade-deficit-capital-inflow relationship with China, and the subprime saga are included as new articles. The "technology-driven new economy" and supply-side policy analyses for the US and the Eurozone are emphasized. "Macroeconomic Policy is a lively and informative introduction to the diverse doctrines of macroeconomic theory." Prof. Robert E. Lucas, Jr., Recipient of the 1995 Nobel Prize in Economics "The notion of allowing the reader the freedom of choice between the Keynesian and Supply-Sider models for developed economies is fresh and radically different from most conventional macroeconomic texts. In addition, it is an honest approach...given that policymakers...still make policy based on assumptions behind each paradigm." Dr. W. Michael Cox, Senior Vice President and Chief Economist, Federal Reserve Bank of Dallas, and co-author of Myths of Rich and Poor

Inhalt
and Overview of the Second Edition.- National Income Accounts.- Budget Deficits, Trade Deficits, and Global Capital Flows: The National Savings Identity.- Aggregate Demand: Setting the Stage for Demand-Side Stabilization.- Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between.- Long-Term Inte…