Macroeconomics / Edition 5

by Robert J. Barro

Overview

Robert Barro's Macroeconomics has become the classic textbook presentation of the equilibrium approach to macroeconomics. In its first four editions, this book has shown undergraduates how market-clearing models with strong microeconomic foundations can be used to understand real-world phenomena and to evaluate alternative macroeconomic policies. Moreover, a single, unified framework works as well for short-term business fluctuation as for long-term economic growth. This latest edition includes the most recent theoretical and empirical developments in economic growth, recent evidence on the macroeconomics of labor markets and public finance, and up-to-date results on the interplay between nominal and real variables.

Product Details

ISBN-13:	2900262024364
Publisher:	MIT Press
Publication date:	10/20/1997
Series:	The MIT Press
Edition description:	fifth edition
Pages:	896
Product dimensions:	6.50(w) x 1.50(h) x 9.50(d)

About the Author

Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.

Table of Contents

Partial table of contents:

The Approach to Macroeconomics.

MICROECONOMIC FOUNDATIONS AND THE BASIC MARKET-CLEARING MODEL.

Work Effort, Production, and Consumption—The Economics of Robinson Crusoe.

The Behavior of Households with Markets for Commodities and Credit.

INFLATION.

Inflation and Interest Rates.

Money, Inflation, and Interest Rates in the Market-Clearing Model.

BUSINESS FLUCTUATIONS, ECONOMIC GROWTH, AND UNEMPLOYMENT.

Investment.

The Accumulation of Capital and Economic Growth.

Unemployment.

GOVERNMENT BEHAVIOR.

Government Purchases and Public Services.

Taxes and Transfers.

THE INTERNATIONAL ECONOMY.

World Markets in Goods and Credit.

Exchange Rates.

INTERACTIONS BETWEEN THE MONETARY SECTOR AND THE REAL SECTOR.

The Interplay between Nominal and Real Variables—What Is the Evidence?.

The Keynesian Theory of Business Fluctuations.

Bibliography.

Glossary.