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This book traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. Starting with classical economics and the Keynesian revolution, this book explores the macroeconomic theory after Keynes, open economy macroeconomics, economic policy, and sectoral functions. Financial officers and professionals making pecuniary decisions and analyses.

Tabla de contenidos provista por Syndetics

• I Introduction And Measurement
• 1 Introduction
• 2 Measurement of Macroeconomic Variables
• II Macroeconomics Models
• 3 Classical Macroeconomics (I): Equilibrium Output and Employment
• 4 Classical Macroeconomics (II): Money, Prices, and Interest
• 5 The Keynesian System (I): The Role of Aggregate Demand
• 6 The Keynesian System (II): Money, Interest, and Income
• 7 The Keynesian System (III): Policy Effects in the IS-LM Model
• 8 The Keynesian System (IV): Aggregate Supply and Demand
• 9 The Monetarist Counterrevolution
• 10 Output, Inflation and Unemployment: Monetarist and Keynesian Views
• 11 New Classical Economics
• 12 Real Business Cycles and New Keynesian Economics
• 13 Macroeconomic Models: A Summary
• III Open Economy Macroeconomics
• 14 Exchange Rates and the International Monetary System
• 15 Monetary and Fiscal Policy in the Open Economy
• IV Economic Policy
• 16 The Money Supply Process
• 17 Monetary Policy
• 18 Fiscal Policy
• V Extensions Of The Models
• 19 Long- and Intermediate-Term Economic Growth
• 20 Consumption and Investment
• 21 Money Demand