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Synopsis
In this new edition of a standard text, discussion includes a summary of the Keynesian position and a detailed analysis of the challenges to it, an extensive treatment of monetary policy, and a consideration of the determinants of long-run economic growth. Coverage of questions of measurement is followed by discussion of major macroeconomic models, open economy macroeconomics, macroeconomic policy, and extensions of macroeconomic models. This seventh edition contains new treatment of international issues and fiscal policy. The author is affiliated with the University of North Carolina. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Booknews
New edition of a macroeconomics textbook that presents the material in the order in which the economic thought evolved. Coverage includes a summary of the Keynesian position, an analysis of the post-1970 slowdown in US output growth, the neo- classical growth model and recent models of endogenous growth, and an examination of monetary and fiscal policy effects in the open economy. Annotation c. by Book News, Inc., Portland, Or.