Macroeconomics 2e offers a new approach to the subject. Drawing upon vast experience teaching, researching, and advising the U.S. government on policy has enabled the authors to write an intermediate macroeconomics book that will set the standard for books in this area for years to come. For example, DeLong/Olney focuses on the interest rate rather than the AS/AD diagram and includes expanded coverage of the crucial topic of long-run growth. This...
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Over the past two decades the new classical macroeconomics has become the single most coherent school of macroeconomic thought. Always controversial, it has nonetheless captured centre-stage, and has...
The book investigates issues of policy design in open economies. The performance of simple alternative policy rules is analysed in the context of theoretical models using both analytical solutions and...