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Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares students to analyze real macroeconomic data used by policy makers and researchers. With a balanced treatment of both classical and Keynesian economics, the comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi. Students in this course often struggle to see how the macroeconomic models compare to one another, and fit into the big picture. This text uses a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions. The main objective of the eighth edition is to keep the book fresh and up-to-date, especially in light of the recent crises in the United States and Europe and many new tools used by the Federal Reserve in response to the crisis. To reflect recent events and developments in the field, revisions have been made throughout the text, and additional new applications, boxes, and problems are included.
Students often struggle to see how macroeconomic models compare to one another and fit into the big picture. Using a unified approach based on a single economics model, Abel, Bernanke, and Croushore provide a balanced, comprehensive treatment of classical and Keynesian economics, presenting macroeconomic theory in a way that prepares students to analyze real macroeconomic data. The Sixth Edition Update consists of the Sixth Edition of Macroeconomics and the 2008-2009 Update Booklet, which is correlated to sixteen key chapter topics with resource material including speeches, reports, or testimony, most from the Federal Reserve Board. Questions at the end of each topic discussion demonstrate h...
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Intermediate Macroeconomics. This text is a treatment of the competing classical and Keynesian approaches in the market
This innovative collection of essays shows how linguistic diversity has inspired people across time and cultures to embark on adventurous journeys through the translation of texts. It tells the story of how ideas have travelled via the medium of translation into different languages and cultures, focusing on illustrated examples ranging from Greek papyri through illuminated manuscripts and fine early books to fantasy languages (such as J.R.R. Tolkien's Elvish), the search for a universal language and the challenges of translation in multicultural Britain.Starting with the concept of Babel itself, which illustrates the early cultural prominence of multilingualism, and with an illustration of a...
This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as graduate students in the fields of global monetary economics, finance, and macroeconomics will find this an outstanding contribution to current research. It includes two commentaries for each paper, written by experts in the field, and Frenkel's detailed introduction, which serves as a reader's guide to the arguments made, the models employed, and the issues raised by each contributor. The studies analyze national fiscal policies within the context of the international economic order. Malcolm D. Knight and Paul R. Masson use an empirical...
THE SECRETS OF THE TOWER WILL FINALLY BE REVEALED IN THE REMARKABLE CONCLUSION TO THE HIGHLY ACCLAIMED BOOKS OF BABEL SERIES. As Marat's siege engine bores through the Tower, Senlin can do nothing but observe the mayhem from inside the belly of the beast. Edith and her crew are forced to face Marat on unequal footing, with Senlin caught in the crossfire, while Adam attempts to unravel the mystery of his fame inside the crowning ringdom. And when the Brick Layer's true ambition is revealed, neither the Tower nor its inhabitants will ever be the same again. Praise for the Books of Babel 'Josiah Bancroft is a magician. His books are that rare alchemy: gracefully written, deliriously imaginative...
This first volume of papers, articles, and essays by the late Nobel Prize-winning economist Franco Modigliani offers writings on macroeconomics.
Hubbard & O'Brien is the only book that motivates students to learn economics through real business examples. The #1 question students of economics ask themselves is: "Why am I here, and will I ever use this"? Hubbard & O'Brien answer this question by demonstrating that real businesses use economics to make real decisions daily. This is motivating to all students, whether they are business majors or not. All students can relate to businesses they encounter in their everyday lives. Whether they open an art studio, do social work, trade on Wall Street, work for the government, or bartend at the local pub, students will benefit from understanding the economic forces behind their work.