Macroeconomics

A unified view of the latest macroeconomic events

In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organised into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills.

Introduction

Chapter 1 A Tour of the World

Chapter 2 A Tour of the Book

The Short Run

Chapter 3 The Goods Market

Chapter 4 Financial Markets I

Chapter 5 Goods and Financial Markets: The IS-LM Model

Chapter 6 Financial Markets II: The Extended IS-LM Model

The Medium Run

Chapter 7 The Labor Market

Chapter 8 The Phillips Curve, the Natural Rate of Unemployment, and Inflation

Chapter 9 From the Short to the Medium Run: The IS-LM-PC Model

The Long Run

Chapter 10 The Facts of Growth

Chapter 11 Saving, Capital Accumulation, and Output

Chapter 12 Technological Progress and Growth

Chapter 13 The Challenges of Growth Expectations

Chapter 14 Financial Markets and Expectations

Chapter 15 Expectations, Consumption, and Investment

Chapter 16 Expectations, Output, and Policy

The Open Economy

Chapter 17 Openness in Goods and Financial Markets

Chapter 18 The Goods Market in an Open Economy

Chapter 19 Output, the Interest Rate, and the Exchange Rate

Chapter 20 Exchange Rate Regimes

Back to Policy

Chapter 21 Should Policymakers Be Restrained?

Chapter 22 Fiscal Policy: A Summing Up

Chapter 23 Monetary Policy: A Summing Up

Chapter 24 Epilogue: The Story of Macroeconomics