Lectures on Macroeconomics (Mit Press) - Hardcover

Blanchard, Olivier; Fischer, Stanley

Hardcover

ISBN 10: 0262022834 ISBN 13: 9780262022835

Publisher: The MIT Press, 1989

Synopsis

The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices.

Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations.

Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy, monetary policy, fiscal policy, and dynamic inconsistency.

Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self contained way that makes it a suitable reference for professional economists.

About this title

From the Back Cover:

Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. The main purpose of this book is to characterize and explain fluctuations in output, unemployment, and movement in prices.Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self-contained way that makes it a suitable reference for professional economists.

About the Author:

Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics in Washington, DC. He was Chief Economist at the International Monetary Fund from 2008 to 2015.

About this edition

• Publisher: The MIT Press
• Publication date: 1989
• ISBN 10: 0262022834
• ISBN 13: 9780262022835
• Binding: Hardcover
• Number of pages: 664