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Macroeconomics, Global Edition
For intermediate economics courses.
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.
Features
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.
NEW (or updated) boxes include:
Focus. The Lehman Bankruptcy, Fears of Another Great Depression, and Shifts in the Consumption Function.
Focus: Bank Runs, Deposit Insurance, and Wholesale Funding.
Focus. Deficit Reduction: Good or Bad for Investment?
Focus: The U.S. Recession of 2001.
Focus. Why has the U.S. Natural Rate of Unemployment Fallen.
Since the Early 1990s and How Will the Crisis Affect it?
Focus: Increasing Leverage and Alphabet Soup. SIVs, AIG, and CDSs.
Focus Box. Japan, the liquidity trap, and Fiscal policy.
Focus Box. Do Banking Crises Affect the Natural Level of Out-put?
Focus: Does Money Lead to Happiness?
Focus. What is behind Chinese Growth?
Focus. Why Deflation Can Be Very Bad. Deflation and the Real Interest Rate in the Great Depression.
Focus Box: The Yield Curve and the Liquidity Trap.
Focus Box: The Increase in U.S. Housing Prices: Fundamentals, or a bubble?
Focus. The Liquidity Trap, Quantitative Easing, and The Role of Expectations.
Focus. The G20 and the 2009 Fiscal Stimulus.
Focus. The U.S. Current Account Deficit: Origins and Implications.
Focus. How Countries Decreased Their Debt Ratios After World War II.
Focus. The U.S. Budget Deficit Challenge.
Focus. LTV Ratios and Housing Price Increases From 2000 To 2007.
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