Macroeconomic Policy: Demystifying Monetary and Fiscal Policy

by Farrokh Langdana

Overview

Macroeconomic policy is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. MBA and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful.

A unique feature of this book is the extensive use of specially written "newspaper" articles designed to simulate current macroeconomic news. Each chapter contains exercises that enable the reader to relate specific underlined passages in these articles to the theory presented in preceding chapters. This distinctive approach ensures real-world applicability, and supporting diagrams further enable the reader to relate current economic news to the theoretical material discussed.

Product Details

ISBN-13:	9781441945969
Publisher:	Springer US
Publication date:	11/05/2010
Edition description:	2nd ed. 2009
Pages:	288
Product dimensions:	6.10(w) x 9.25(h) x 0.03(d)

About the Author

Dr. Langdana's areas of specialization include monetary and fiscal theory and international trade and global macroeconomic policy. His research deals with macroeconomic experimentation and the role of stabilization policy in an expectations-driven economy. He has published several articles as well as five books in this area. His new book, co-authored with Peter Murphy and published by Springer Press, is titled "International Trade and Global Macropolicy."

Dr. Langdana is the recipient of the Horace dePodwin Research Award and more than 30 teaching awards, including the highest possible teaching award at Rutgers University -- the Warren I. Susman Award. He also has received Rutgers Business School's Paul Nadler Award for Excellence in Teaching. From 2011 to 2013, the Award for Excellence in teaching in the MBA Program was named the Farrokh Langdana Teaching Excellence Award.

A professor in the Finance and Economics Department at Rutgers Business School, Dr. Langdana is also director of the globally ranked and highly regarded Rutgers Executive MBA Program. Dr. Langdana was recently interviewed by The Wall Street Journal where he discusses how the Rutgers EMBA program evolves constantly to meet the changing needs and demands of the global executive workplace. He has been director since 1997.

Table of Contents

and Overview of the Second Edition.- National Income Accounts.- Budget Deficits, Trade Deficits, and Global Capital Flows: The National Savings Identity.- Aggregate Demand: Setting the Stage for Demand-Side Stabilization.- Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between.- Long-Term Interest Rates, the Yield Curve, and Hyperinflation.- ISLM: The Engine Room.- The Classical Model.- The Keynesian Model.- The Supply-Side Model and the New Economy.- Central Banks and Monetary Policy.