This text explains the difference among macro economists on issues of theory and policy while comparing and contrasting modern macroeconomic theory. This edition has been completely updated. It provides a balanced coverage of macroeconomic models, and an aggregate supply/demand framework is used to integrate the discussion of topics throughout. An up-to-date summary of Keynesian position is included, as well as an extensive treatment of monetary policy and coverage of money demand. The framework used is the Mundell-Fleming model and the cases of both imperfect and perfect capital are considered.
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From the Publisher:
The author explains the difference among macroeconomists on issues of theory and policy while comparing and contrasting modern macroeconomic theory.
"About this title" may belong to another edition of this title.
- PublisherPrentice Hall College Div
- Publication date1995
- ISBN 10 013233867X
- ISBN 13 9780132338677
- BindingHardcover
- Edition number5
- Number of pages570
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