Macroeconomics

Macroeconomics

by RogerFarmer (Author)

Synopsis

This text is a flexible introduction to macroeconomic theory and policy. It covers the Classical and Keynesian approaches, as well as newer dynamic models of debt, deficits, growth, unemployment, and inflation. In 17 chapters, it presents a complete survey of modern macroeconomic thinking, and is the first text to bring the modern theories of macroeconomic dynamics to the undergraduate intermediate market. It has an emphasis on data and testing macro theories against macro facts.

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More Information

Format: Hardcover
Pages: 672
Publisher: South-Western, Division of Thomson Learning
Published: 03 Sep 1998

ISBN 10: 0538845813
ISBN 13: 9780538845816

Media Reviews
Overall, this is an excellent text, with clear discussions of recent developments in growth and business cycles. The author is a leading researcher in dynamic macroeconomics, and his interest and expertise in this topic come through clearly in this book. Lee Ohanian, University of Minnesota
Overall, I was extremely impressed by this manuscript. I think Roger Farmer really is on the right track here and fell that the book will be exceptionally good. I liked the extra detail on historical developments of the subject and the emphasis on the interpretation of real world data. Richard Baillie, Michigan State University
My overall impression of this book is extremely positive. Farmer addresses a problem that has grown more serious over the years - the macroeconomics that we teach undergraduates bears less and less resemblance to the macroeconomics that we teach graduate students, and indeed the macroeconomics that we practice ourselves. Kevin Carey, American University
I will give careful consideration to adopting this text. Among the chapters that I have seen, the primary advantage in favor of adopting the text is that in most respects, the treatment is more modern than other textbooks, and also gives an overall coherent view of both New Keynesian and Neoclassical modeling perspectives. Peter Pedroni, Indiana University
This is a novel approach, and may make it possible to offer an excellent undergraduate course properly complemented by the material specific to the objective of each class. I will seriously consider the end product for my course. Jaewoo Lee, University of California, Irvine