Macroeconomics

Develop a unified view of the latest global macroeconomic events, connecting the short, medium and long run. Macroeconomics: A European Perspective, 4th edition by Blanchard, Amighini, and Giavazzi is based on the best-selling US text byOlivier Blanchard and presents an integrated, global view of macroeconomics, showing the connections between goods markets, financial markets, and labourmarkets worldwide.

This is a book rooted in the real-world: from the major economic crisis of the late 2000s to the profound economic effects caused by the COVID-19 pandemic, from monetary policy in the US, to Brexit, the problems of the Euro area and growth ian China, it will help your students make sense not only of current macroeconomic events but also those that may unfold in the future.

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Autorentext

Olivier Blanchard studied at the University of Paris, Nanterre, and has taught at the Massachusetts Institute of Technology since 1982. He was Chief Economist at the International Monetary Fund between 2008 and 2015.

He is currently the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics in Washington. He also remains Robert M. Solow Professor of Economics Emeritus.

Francesco Giavazzi is a Professor of Economics at Bocconi University in Milan and has been a visiting professor at the Massachusetts Institute of Technology for over a decade, where he teaches a course on Macroeconomics to Undergraduate students based on this textbook.

Alessia Amighini is an associate professor of Economics at Universita del Piemonte Orientale in Novara, Italy, and an adjunct professor of international economics at the Catholic university in Milan.

Inhalt
CORE IntroductionA tour of the worldA tour of the bookThe goods marketFinancial marketsGoods and financial markets: the IS-LM modelFinancial markets II: the extended IS-LM modelThe labour marketThe Phillips curve, the natural rate of unemployment and inflationFrom the short to the medium run: the IS-LM-PC modelThe COVID economic crisisThe facts of growthSaving, capital accumulation and outputTechnological progress and growthThe challenges of growthFinancial markets and expectationsExpectations, consumption and investmentExpectations, output and policy The open economyOpenness in goods and financial marketsThe goods market in an open economyOutput, the interest rate and the exchange rateExchange rate regimes Back to policyShould policy makers be restrained?Fiscal policy: a summing upMonetary policy: a summing upEpilogue: the story of macroeconomicsAppendix 1 An introduction to national income and product accountsAppendix 2 A maths refresherAppendix 3 An introduction to econometricsGlossarySymbols used in this book