The definitive graduate textbook on modern macroeconomics Macroeconomic Theory is the most uptodate graduatelevel macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchangerate determination. There is also an uptodate account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreignexchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text selfcontained and... See more
The definitive graduate textbook on modern macroeconomics Macroeconomic Theory is the most uptodate graduatelevel macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchangerate determination. There is also an uptodate account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreignexchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text selfcontained and easy to use. Accessible, comprehensive, and wideranging, Macroeconomic Theory is the standard book on the subject for students and economists. The most uptodate graduate macroeconomics textbook available today. General equilibrium macroeconomics and the latest advances covered fully and completely. Two new chapters investigate banking and monetary policy, and unemployment. Addresses questions raised by the recent financial crisis. Webbased exercises with answers. Extensive mathematical appendix for ataglance easy reference This book has been adopted as a textbook at the following universities: American University. Bentley College. Brandeis University. Brigham Young University. California Lutheran University. California State University Sacramento. Cardiff University. Carleton University. Colorado College. Fordham University. London Metropolitan University. New York University. Northeastern University. Ohio University Main Campus. San Diego State University. St. Cloud State University. State University Of New York Amherst Campus. State University Of New York Buffalo North Campus. Temple University Main. Texas Tech University. University of Alberta. University Of Notre Dame. University Of Ottawa. University Of Pittsburgh. University Of South Florida Tampa. University Of Tennessee. University Of Texas At Dallas. University Of Washington. University of Western Ontario. Wesleyan University. Western Nevada Community College.
