Macroeconomic Policy: Demystifying Monetary and Fiscal Policy / Edition 2

Macroeconomic Policy: Demystifying Monetary and Fiscal Policy / Edition 2

by Farrokh Langdana, W. Michael Cox
     
 

ISBN-10: 0387776656

ISBN-13: 9780387776651

Pub. Date: 02/27/2009

Publisher: Springer US

This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a…  See more details below

Overview

This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.

Product Details

ISBN-13:
9780387776651
Publisher:
Springer US
Publication date:
02/27/2009
Edition description:
2nd Corrected ed. 2009, Corr. 2nd printing 2009
Pages:
288
Product dimensions:
6.20(w) x 9.10(h) x 0.70(d)

Table of Contents

Foreword by Dr. W. Michael Cox.- About the Author.- Acknowledgments.- Introduction and Overview of the Second Edition.- National Income Accounts.- Budget Deficits, Trade Deficits and Global Capital Flows.- Aggregate Demand.- Demand Side Stabilization.- Long Term Interest Rates, the Yield Curve, and Hyperinflation.- ISLM.- The Classical Model.- The Keynesian Model.- The Supply Side Model and the New Economy.- Central Banks and Monetary Policy.- References.- Index.

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