Macroeconomics

Auteur

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.

Texte du rabat

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 & Giavazzi is based on the best-selling US text by Olivier Blanchard and presents an integrated, global view of macroeconomics, showing the connections between goods markets, financial markets, and labour markets 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 in 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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Contenu

1. A tour of the world
2. A tour of the book
3. The goods market
4. Financial markets
5. Goods and financial markets: the IS-LM model
6. Financial markets II: the extended IS-LM model
7. The labour market
8. The Phillips curve, the natural rate of unemployment and inflation
9. From the short to the medium run: the IS-LM-PC model
10. The COVID economic crisis
11. The facts of growth
12. Saving, capital accumulation and output
13. Technological progress and growth
14. The challenges of growth
15. Financial markets and expectations
16. Expectations, consumption and investment
17. Expectations, output and policy The open economy
18. Openness in goods and financial markets
19. The goods market in an open economy
20. Output, the interest rate and the exchange rate
21. Exchange rate regimes Back to policy
22. Should policy makers be restrained?
23. Fiscal policy: a summing up
24. Monetary policy: a summing up
25. Epilogue: 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