The Decentralized Economy, from Macroeconomic Theory: A Dynamic General Equilibrium Approach
[Macroeconomic Theory: A Dynamic General Equilibrium Approach]
AbstractMacroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource for economists who need to brush up on the latest developments. 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, exchange-rate determination, and an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. While the mathematics needed for this book is rigorous, the author describes fundamental concepts in a way that helps make the book self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory will become the standard text for students and is ideal for economists, particularly those in government, central and commercial banking, and financial investment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
This chapter was published in: Michael Wickens , , pages , 2008.
This item is provided by Princeton University Press in its series Introductory Chapters with number 8595-4.
Contact details of provider:
Web page: http://press.princeton.edu
macroeconomics; theory; general equilibrium; growth; business cycles; fiscal policy; taxation; debt finance; monetary policy; inflation targeting;
Other versions of this item:
- Michael Wickens, 2008.
"The Centralized Economy, from Macroeconomic Theory: A Dynamic General Equilibrium Approach
[Macroeconomic Theory: A Dynamic General Equilibrium Approach]," Introductory Chapters, Princeton University Press.
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Luis Eduardo Arango & Nataly Obando & Carlos Esteban Posada, .
"Los salarios reales a lo largo del ciclo económico en Colombia,"
Borradores de Economia
666, Banco de la Republica de Colombia.
- Luis Eduardo Arango & Nataly Obando & Carlos Esteban Posada, 2011. "Los salarios reales a lo largo del ciclo económico en Colombia," BORRADORES DE ECONOMIA 008950, BANCO DE LA REPÚBLICA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Webmaster).
If references are entirely missing, you can add them using this form.