ISBN: 9781292085753
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MyLab Economics

Macroeconomics, A European Perspective, 3/E (e-Book VS 12m)

By Olivier Blanchard

Descripción: A Unified View of the Latest Macroeconomic Events In Macroeconomics, European Edition Blanchard, Giavazzi and Amighini present a unified, global and European view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labour markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and three major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in Europe and globally to growth in China, the text helps students make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the Third European Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help students employ and develop their analytical and evaluative skills. This book gives students a thorough understanding of macroeconomics by taking a unified view of the subject, allowing connections to be made between the short, medium and long run. Re-written almost from scratch in light of the experience of the Great Recession, this text is essential reading for anyone studying macroeconomics in the aftermath of the financial crisis.


1. A Tour of the World

2. A Tour of the Book


The Short Run

3. The Goods Market

4. Financial Markets I

5. Financial Markets: The IS-LM Model

6. Financial Markets II

The Medium Run

7. The Labour Market

8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation

9. Putting All Markets Together: From the Short to the Medium Run

The Long Run

10. The Facts of Growth

 11. Saving, Capital Accumulation, and Output

12. Technological Progress and Growth

13. Technological Progress: The Short, the Medium, and the Long Runs


14. Financial Markets and Expectations

 15. Expectations, Consumption, and Investment

 16. Expectations, Output, and Policy


17. Openness in Goods and Financial Markets

18. The Goods Market in an Open Economy

19. Output, the Interest Rate, and the Exchange Rate

20. Exchange Rate Regimes


21. Should Policy Makers Be Restrained?

22. Fiscal Policy: A Summing Up

23. Monetary Policy: A Summing Up


24. The Story of Macroeconomics