In Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, 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 three major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in the United States, to the problems of the Euro area and growth in China, the text helps readers make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the Seventh Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help readers employ and develop their analytical and evaluative skills.
KEY TOPICS: The Core; Introduction; A Tour of the World; A Tour of the Book; The Short Run;The Goods Market; Financial Markets I; Goods and Financial Markets; The IS-LM Model; Financial Markets II; The Medium Run;The Labor Market; The Phillips Curve, the Natural Rate of Unemployment, and Inflation; Putting All Markets Together: From the Short to the Medium Run; The Long Run; The Facts of Growth; Saving, Capital Accumulation, and Output; Technological Progress and Growth; Technological Progress: The Short, the Medium, and the Long Runs; Extensions; Expectations; Financial Markets and Expectations; Expectations, Consumption, and Investment; Expectations, Output, and Policy; The Open Economy; Openness in Goods and Financial Markets; The Goods Market in an Open Economy; Output, the Interest Rate, and the Exchange Rate; Exchange Rate Regimes; Back to Policy; Should Policy Makers Be Restrained?; Fiscal Policy: A Summing Up; Monetary Policy: A Summing Up; Epilogue: The Story of Macroeconomics
MARKET: For anyone interested in the macroeconomic picture of corporate businesses.