ISBN-10:
0262511037
ISBN-13:
9780262511032
Pub. Date:
07/31/1998
Publisher:
MIT Press
Macroeconomics: An Integrated Approach / Edition 2

Macroeconomics: An Integrated Approach / Edition 2

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Product Details

ISBN-13: 9780262511032
Publisher: MIT Press
Publication date: 07/31/1998
Series: The MIT Press
Edition description: second edition
Pages: 494
Product dimensions: 8.00(w) x 9.00(h) x 1.00(d)
Age Range: 18 Years

About the Author

Laurence J. Kotlikoff, one of the nation's leading experts on fiscal policy, national saving, and personal finance and a columnist for Bloomberg, is Professor of Economics at Boston University. His writings and views appear in Forbes, the Economist, the Financial Times, the Wall Street Journal, the New York Times, and other leading media outlets.

Table of Contents

List of Figures
List of Tables
Prologue: The Questions of Macroeconomics
PART ONE From Micro to Macro: Modeling
Income Determination and Growth
1 Output, Inputs, and Growth
2 The Dynamic Supply of Inputs
3 The Dynamic Demand for Inputs and the Evolution of Output
4 Economic Fluctuations
5 The Measurement of Output and Prices
PART TWO Fiscal and Monetary Policy
6 Fiscal Policy, Saving, Growth
7 Money and Prices in the Closed Economy
PART THREE Economic Fluctuations
8 The Keynesian Model of Price and Wage Rigidity
9 Understanding Recessions
10 The Nature and Costs of Unemployment
11 Countercyclical Policy
PART FOUR The International Economy
12 Saving and Growth in the International Economy
13 Money, EXchange Rates, and Policy in the Open Economy
PART FIVE Enriching the Model
14 The Banking System, the Federal Reserve, and the Money
Supply
15 Saving Behavior and Credit Markets
16 Financial Markets and the Investment Decision
IndeX

What People are Saying About This

Robert King

Auerbach and Kotlikoff put first things first in Macroeconomics highlighting long-term growth in output, productivity, and labor and captial input. They integrate a superb treatment of life-cycle consumption and saving into the neoclassical model of long-term growth.

Benjamin Russo

Auerbach and Kotlikoff tackle the most difficult (though necessary) aspect of teaching macro at the intermediate level, general equilibrium analysis, with an easy dexterity. Their book exhibits the rigor required of modern macroeconomic analysis, covers the most pressing issues of macro policy, and does both with clarity and grace. It's an excellent book.

Maurice Obstefeld

As one would expect, Auerbach and Kotlikoff offers a comprehensive, innovative, and logically consistent synthesis of the major questions of macroeconomics. Particularly impressive is their attention to the long-run determines of saving and growth in open as well as closed economies.

From the Publisher

Auerbach and Kotlikoff tackle the most difficult (though necessary) aspect of teaching macro at the intermediate level, general equilibrium analysis, with an easy dexterity. Their book exhibits the rigor required of modern macroeconomic analysis, covers the most pressing issues of macro policy, and does both with clarity and grace. It's an excellent book.

Benjamin Russo, University of North Carolina

Auerbach and Kotlikoff put first things first in Macroeconomics highlighting long-term growth in output, productivity, and labor and captial input. They integrate a superb treatment of life-cycle consumption and saving into the neoclassical model of long-term growth.

Robert King, University of Virginia

As one would expect, Auerbach and Kotlikoff offers a comprehensive, innovative, and logically consistent synthesis of the major questions of macroeconomics. Particularly impressive is their attention to the long-run determines of saving and growth in open as well as closed economies.

Maurice Obstefeld, University of California

Endorsement

As one would expect, Auerbach and Kotlikoff offers a comprehensive, innovative, and logically consistent synthesis of the major questions of macroeconomics. Particularly impressive is their attention to the long-run determines of saving and growth in open as well as closed economies.

Maurice Obstefeld, University of California

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