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Former editions of this work have become established textbook presentations of the equilibrium approach to macroeconomics. This latest edition includes theoretical and empirical developments in economic growth, and evidence on the macroeconomics of labour markets and public finance.
List of contents
Part 1 Microeconomic foundations and the basic market-clearing model: work effort, production and consumption - the economics of Robinson Crusoe; the behaviour of households with markets for commodities and credit; the demand for money; the basic market - clearing model; the labour market. Part 2 Inflation: an introduction to inflation and interest rates; money, inflation, and interest rates in the market-clearing model. Part 3 Business fluctuations, unemployment, and economic growth: investment and real business cycles; unemployment; economic growth. Part 4 Government behaviour: government consumption and public services; taxes and transfers; the public debt. Part 5 The international economy: world markets in goods and credit; exchange rates. Part 6 Interactions between the monetary sector and the real sector: financial intermediation; the interplay between nominal and real variables - what is the evidence?; money and business fluctuations in the market - clearing model; the Keynesian theory of business fluctuations.
About the author
Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University. About Robert Barro: "He has changed the way economists think about everything from the long-run effects of government deficits to the forces that favor economic growth." --Sylvia Nasar, New York Times
Summary
Former editions of this work have become established textbook presentations of the equilibrium approach to macroeconomics. This latest edition includes theoretical and empirical developments in economic growth, and evidence on the macroeconomics of labour markets and public finance.
