Olivier Blanchard – Macroeconomics (6th Edition)

Автор: Olivier Blanchard
Название книги: Macroeconomics (6th Edition)
Формат: PDF
Жанр: Бизнес
Качество: Изначально компьютерное, E-book

Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.

From the major economic crisis to the budget deficits of the United States, the detailed boxes in this text have been updated to convey the life of macroeconomics today and reinforce the lessons from the models, making them more concrete and easier to grasp

We had two main goals in writing this book:
■ To make close contact with current macroeconomic
events. What makes macroeconomics exciting is the
light it sheds on what is happening around the world,
from the major economic crisis which has engulfed
the world since 2008, to the budget deficits of the
United States, to the problems of the Euro area, to high
growth in China. These events—and many more—are
described in the book, not in footnotes, but in the text
or in detailed boxes. Each box shows how you can use
what you have learned to get an understanding of these
events. Our belief is that these boxes not only convey
the “life” of macroeconomics, but also reinforce the
lessons from the models, making them more concrete
and easier to grasp.
■ To provide an integrated view of macroeconomics. The
book is built on one underlying model, a model that
draws the implications of equilibrium conditions in
three sets of markets: the goods market, the financial
markets, and the labor market. Depending on the issue
at hand, the parts of the model relevant to the issue
are developed in more detail while the other parts are
simplified or lurk in the background. But the underlying
model is always the same. This way, you will see
macroeconomics as a coherent whole, not a collection
of models. And you will be able to make sense not only
of past macroeconomic events, but also of those that
unfold in the future.

Olivier Blanchard is the Robert M. Solow Professor of Economics at the Massachusetts Institute
of Technology. He did his undergraduate work in France and received a Ph.D. in economics
from MIT in 1977. He taught at Harvard from 1977 to 1982 and has taught at MIT since 1983. He
has frequently received the award for best teacher in the department of economics. He is currently
on leave from MIT and serves as the Chief Economist at the International Monetary Fund.
He has done research on many macroeconomic issues, including the effects of fiscal
policy, the role of expectations, price rigidities, speculative bubbles, unemployment in
Western Europe, transition in Eastern Europe, the role of labor market institutions, and
the various aspects of the current crisis. He has done work for many governments and
many international organizations, including the World Bank, the IMF, the OECD, the
EU Commission, and the EBRD. He has published over 150 articles and edited or written over 20
books, including Lectures on Macroeconomics with Stanley Fischer.
He is a research associate of the National Bureau of Economic Research, a fellow of the
Econometric Society, a member of the American Academy of Arts and Sciences, and a past
Vice President of the American Economic Association.
He currently lives in Washington, D.C. with his wife, Noelle. He has three daughters:
Marie, Serena, and Giulia.
David Johnson is Professor of Economics at Wilfrid Laurier University and Education Policy
Scholar at the C. D. Howe Institute.
Professor Johnson’s areas of specialty are macroeconomics, international finance,
and, more recently, the economics of education. His published work in macroeconomics
includes studies of Canada’s international debt, the influence of American interest rates on
Canadian interest rates, and the determination of the exchange rate between Canada and
the United States. His 2005 book Signposts of Success, a comprehensive analysis of elementary
school test scores in Ontario, was selected as a finalist in 2006 for both the Donner Prize
and the Purvis Prize. He has also written extensively on inflation targets as part of monetary
policy in Canada and around the world. His primary teaching area is macroeconomics. He
is coauthor with Olivier Blanchard of Macroeconomics (fourth Canadian edition).
Professor Johnson received his undergraduate degree from the University of Toronto,
his Master’s degree from the University of Western Ontario, and his Ph.D. in 1983 from
Harvard University, where Olivier Blanchard served as one of his supervisors. He has worked
at the Bank of Canada and visited at the National Bureau of Economic Research, Cambridge
University, and most recently at the University of California, Santa Barbara as Canada-U.S.
Fulbright Scholar and Visiting Chair.