Macroeconomics /
Oliver Blanchard
- Fourth Edition
- New Jersey : Pearson, c2006
- xxiv, 587 : color illustration ; 27 cm.
Includes index.
"Chapter 1 A Tour of the World -- 1.1 The crisis -- 1.2 Australia -- 1.3 The United States Should you worry about the US fiscal deficit? -- 1.4 The Euro area; How can European unemployment be reduced?; What has the euro done for its members? -- 1.5 China -- 1.6 Looking ahead -- Appendix: Where to find the numbers? -- Chapter 2 A Tour of the Book -- 2.1 Aggregate output; GDP: Production and income; Nominal and real GDP; GDP: Level versus growth rate -- 2.2 The unemployment rateWhy do economists care about unemployment? -- 2.3 The inflation rate; The GDP deflator; The consumer price index; Why do economists care about inflation? -- 2.4 Output, unemployment and the inflation rate: Okun's law and the Phillips curve; Okuna's law; The Phillips curve -- 2.5 The short run, the medium run, the long run -- 2.6 A tour of the book; The core; Extensions; Back to policy; Epilogue; Appendix: The construction of real GDP and chain-type Indexes; The Core; The Short Run -- Chapter 3 The Goods Market -- 3.1 The composition of GDP -- 3.2 The demannd for goods. -- 5.1 The goods market and the IS relationInvestment, sales and the interest rate; Determining output; Deriving the IS curve; Shifts of the IS curve -- 5.2 Financial markets and the LM relation; Real money, real income and the interest rate; Deriving the LM curve; Shifts of the LM curve -- 5.3 Putting the IS and the LM relations together; Fiscal policy, activity and the interest rate; Monetary policy, activity and the interest rate -- 5.4 Using a policy mix -- 5.5 How does the ISLM model fit the facts? -- Appendix: An alternative derivation of the LM relation as ann interest rate rule; The Medium Run. -- Chapter 6 The Labour Market. Choosing money or choosing the interest rate? Money, bonds and other assets -- 4.3 Determining the interest rate: II; What banks do; The supply of and demand for central bank money; The demand for money; The demand for reserves; The demand for central bank money; The determination of the interest rate -- 4.4 Two alternative ways of looking at the equilibrium; The interbank cash market and the cash rate; The supply of money, the demand for money and the money multiplier; Understanding the money multiplier -- Chapter 5 Goods and Financial Markets: The ISLM Model. Consumption (C)Investment (I); Government spending (G) -- 3.3 The determination of equilibrium output; Using algebra; Using a graph; Using words; How long does it take for output to adjust? -- 3.4 Investment equals saving: An alternative way of thinking about goods market equilibrium -- 3.5 Is the government omnipotent? A warning -- Chapter 4 Financial Markets -- 4.1 The demand for money; Deriving the demand for money -- 4.2 Determining the interest rate: I; Money demand, money supply and the equilibrium interest rate; Monetary policy and open market operations; Bond prices and bond yields."
"Macroeconomics Real, current macroeconomic events connected to the theory The fourth edition of Blanchard's respected Macroeconomics text has been substantially revised to account for the impact of the GFC on the Australasian Economy and the many issues it raises. Thus, in addition to a first discussion of the crisis in Chapter 1 and numerous boxes and discussions throughout the book, we have brought forward the chapter on the GFC to Chapter 9. Macroeconomics is the only intermediate resource with a truly Australasian focus, demonstrating economic ideas and issues with hundreds of local and international examples. This comprehensive resource presents an integrated view of macroeconomics, drawing on the implications of equilibrium conditions in three sets of markets: the goods market, the financial markets and the labour market."