Produktdetaljer
Om bidragsyterne
About our authorOlivier Blanchard. A citizen of France, Olivier Blanchard has spent most of his professional life in Cambridge, Massachusetts. After obtaining his PhD in economics at the Massachusetts Institute of Technology in 1977, he taught at Harvard University, returning to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to be the Economic Counsellor and Director of the Research Department of the International Monetary Fund. Since October 2015, he is the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, in Washington. He also remains Robert M. Solow Professor of Economics emeritus.
He has worked on a wide set of macroeconomic issues, from the role of monetary policy, to the nature of speculative bubbles, to the nature of the labor market and the determinants of unemployment, to transition in former communist countries, and to forces behind the recent global crisis. In the process, he has worked with numerous countries and international organizations. Blanchard is the author of many books and articles, including a graduate level textbook with Stanley Fischer.
Blanchard is a past editor of the Quarterly Journal of Economics, of the NBER Macroeconomics Annual, and founding editor of the AEJ Macroeconomics. He is a fellow and past council member of the Econometric Society, a past vice president of the American Economic Association, and a member of the American Academy of Sciences.
For intermediate courses in economics.
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.
THE CORE
PART 1: INTRODUCTION
1. A Tour of the World
2. A Tour of the Book
PART 2: 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 3: THE MEDIUM RUN
7. 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 4: THE LONG RUN
10. The Facts of Growth
11. Saving, Capital Accumulation, and Output
12. Technological Progress and Growth
13. The Challenges of Growth
EXTENSIONS
PART 5: EXPECTATIONS
14. Financial Markets and Expectations
15. Expectations, Consumption, and Investment
16. Expectations, Output, and Policy
PART 6: THE OPEN ECONOMY
17. 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 7: BACK TO POLICY
21. Should Policy Makers Be Restrained?
22. Fiscal Policy: A Summing Up
23. Monetary Policy: A Summing Up
24. Epilogue: The Story of Macroeconomics
- NEW: Ch. 13 discusses the relationship between growth and inequality, the challenges of climate change, and whether the intro of robots will lead to mass unemployment.
- REVISED: Ch. 8 looks at the Phillips curve as it relates to inflation and unemployment.
- REVISED: Ch. 9 examines how changes in the Phillips curve relation have led to changes in monetary policy.
- NEW: Appendix in Ch. 1 gives students a sense of what careers they can pursue if they were to specialize in macroeconomics.
- UPDATED: Figures and tables showcase the latest data, bringing currency into your classroom.
- NEW and UPDATED: Focus boxes discuss particular macroeconomic events or facts. Notable updates include Will Bitcoins Replace Dollars? (Ch. 4), From Henry Ford to Jeff Bezos (Ch. 7), Nudging US Households to Save More (Ch. 11), What Lies Behind Chinese Growth? (Ch. 12), and US Trade Deficits and Trump Administration Tariffs (Ch. 19).
Produktdetaljer
Om bidragsyterne
About our authorOlivier Blanchard. A citizen of France, Olivier Blanchard has spent most of his professional life in Cambridge, Massachusetts. After obtaining his PhD in economics at the Massachusetts Institute of Technology in 1977, he taught at Harvard University, returning to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to be the Economic Counsellor and Director of the Research Department of the International Monetary Fund. Since October 2015, he is the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, in Washington. He also remains Robert M. Solow Professor of Economics emeritus.
He has worked on a wide set of macroeconomic issues, from the role of monetary policy, to the nature of speculative bubbles, to the nature of the labor market and the determinants of unemployment, to transition in former communist countries, and to forces behind the recent global crisis. In the process, he has worked with numerous countries and international organizations. Blanchard is the author of many books and articles, including a graduate level textbook with Stanley Fischer.
Blanchard is a past editor of the Quarterly Journal of Economics, of the NBER Macroeconomics Annual, and founding editor of the AEJ Macroeconomics. He is a fellow and past council member of the Econometric Society, a past vice president of the American Economic Association, and a member of the American Academy of Sciences.