MACROECONOMICS

Аннотация

The fifth edition is the most ambitious working over of Macroeconomics since the book was first published. Every new edition offers the opportunity to add material, round out arguments, and update information and case studies. But occasionally it is essential to make a complete evaluation of progress in the field, rethink issues, and restate arguments in the light of new findings and new ways of thinking. When the first edition came out, in 1978, today’s New Keynesians had barely finished their first degrees, rational expectations was only starting to flourish, and the real business cycle approach had not even seen the light of day.