Macroeconomics - Hardcover

Farmer, Roger

Hardcover

ISBN 10: 0538845813 ISBN 13: 9780538845816

Publisher: South-Western College Pub, 1998

MACROECONOMICS is a well-written, flexible introduction to macroeconomic theory and policy. It covers the Classical and Keynesian approaches, as well as newer dynamic models of debt, deficits, growth, unemployment, and inflation. In 17 chapters, it presents a complete survey of modern macroeconomic thinking, including the modern theories of macroeconomic dynamics. It has a unique emphasis on data and testing macro theories against macro facts.

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About the Author:

Roger E.A. Farmer is Professor of Economics at UCLA, where he has been teaching graduate and undergraduate macroeconomics since 1988. Before coming to UCLA, he held appointments at the University of Toronto and the University of Pennsylvania as well as visiting positions at Cambridge University and the Innocenzo Gaspirini Institute in Milan, Italy. He is a Fellow of the Center for Economic Policy Research and a Fellow Commoner of Churchill College, Cambridge. Professor Farmer is internationally known for his work in macroeconomics. His graduate text, The Macroeconomics of Self-Fulfilling Prophecies, is now in its second edition and is widely used in graduate programs throughout the world. He has written extensively on macroeconomics and monetary theory, is an associate editor of Macroeconomic Dynamics, and serves as Director of the Program for Dynamic Economics, a nonprofit research group based at UCLA.

Review:

Overall, this is an excellent text, with clear discussions of recent developments in growth and business cycles. The author is a leading researcher in dynamic macroeconomics, and his interest and expertise in this topic come through clearly in this book. Lee Ohanian, University of Minnesota

Overall, I was extremely impressed by this manuscript. I think Roger Farmer really is on the right track here and fell that the book will be exceptionally good. I liked the extra detail on historical developments of the subject and the emphasis on the interpretation of real world data. Richard Baillie, Michigan State University

My overall impression of this book is extremely positive. Farmer addresses a problem that has grown more serious over the years - the macroeconomics that we teach undergraduates bears less and less resemblance to the macroeconomics that we teach graduate students, and indeed the macroeconomics that we practice ourselves. Kevin Carey, American University

I will give careful consideration to adopting this text. Among the chapters that I have seen, the primary advantage in favor of adopting the text is that in most respects, the treatment is more modern than other textbooks, and also gives an overall coherent view of both New Keynesian and Neoclassical modeling perspectives. Peter Pedroni, Indiana University

This is a novel approach, and may make it possible to offer an excellent undergraduate course properly complemented by the material specific to the objective of each class. I will seriously consider the end product for my course. Jaewoo Lee, University of California, Irvine

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