商品詳細

This important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics -- New Classical and Keynesian -- and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics and the work done by central banks around the world. With a dual focus on research methods and policy applications, this book bridges the gap between intermediate macroeconomic and advanced graduate-level texts, making it an ideal resource for senior undergraduate and Masters students in applied economics programs.

Key topics include:*

• a concise summary of intermediate macroeconomics, including the foundational ideas of both the New Classical and Keynesian traditions*
• the Lucas critique of standard methods for evaluating policy design*
• debt sustainability and austerity vs. stimulation debate*
• optimal inflation rates*
• tax reform and growth analysis*
• alternative monetary policies for pursuing price stability*
• theories of unemployment.

Students and instructors will find additional useful resources on the book's companion website, including practice questions for each chapter.