Advanced Macroeconomics / Edition 2 available in Hardcover
David Romer's Advanced Macroeconomics,2e is the standard text and the starting point for graduate macro courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. A series of formal models are used to present and analyze important macroeconomic theories. The theories are supplemented by examples of relevant empirical work,which illustrate the ways that theories can be applied and tested. This well-respected and well-known text is virtually unique in the marketplace.
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About the Author
David Romer is the Royer Professor in Political Economy at the University of California, Berkeley, where he has been on the faculty since 1988. He is also co-director of the program in Monetary Economics at the National Bureau of Economic Research. He received his A.B. from Princeton University and his Ph.D. from the Massachusetts Institute of Technology. He has been a fellow of the American Academy of Arts and Sciences since 2006.
At Berkeley, he is a three-time recipient of the Graduate Economic Association’s distinguished teaching and advising awards; he received Berkeley’s Social Sciences Distinguished Teaching Award in 2013 2014. Much of his research focuses on monetary and fiscal policy; this work considers both the effects of policy on the economy and the determinants of policy. His other research interests include the foundations of price stickiness, empirical evidence on economic growth, and asset-price volatility. His most recent work is concerned with financial crises. He is married to Christina Romer, with whom he frequently collaborates. They have three children, Katherine, Paul, and Matthew.
Table of Contents1. The Solow Growth model
2. Infinite-Horizon and Overlapping-Generations Models
3. New Growth Theory
4. Real-Business-Cycle Theory
5. Traditional Keynesian Theories of Fluctuations
6. Microeconomic Foundations of Incomplete Nominal Adjustment
9. Unemployment and the Labor Market
10. Inflation and Monetary Policy
11. Budget Deficits and Fiscal Policy