Macroeconomics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Boston ; Munich [u.a.]
Pearson/Addison-Wesley
2009
|
| Edition: | 11. ed., internat. ed. |
| Series: | The Addison-Wesley series in economics
Pearson international edition |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | Getr. Zählung Ill., graph. Darst. 26 cm |
| ISBN: | 9780321552075 0321552075 |
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MARC
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| 245 | 1 | 0 | |a Macroeconomics |c Robert J. Gordon |
| 250 | |a 11. ed., internat. ed. | ||
| 264 | 1 | |a Boston ; Munich [u.a.] |b Pearson/Addison-Wesley |c 2009 | |
| 300 | |a Getr. Zählung |b Ill., graph. Darst. |c 26 cm | ||
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| 490 | 0 | |a Pearson international edition | |
| 500 | |a Includes bibliographical references and index | ||
| 650 | 4 | |a Glossar enthalten / Glossary included - 52 | |
| 650 | 4 | |a Lehrbuch / Textbook - 28 | |
| 650 | 4 | |a Makroökonomik / Theorie | |
| 650 | 4 | |a Macroeconomics | |
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Record in the Search Index
| _version_ | 1804137786028064768 |
|---|---|
| adam_text | CONTENTS PREFACE: TO THE INSTRUCTOR PREFACE: TO THE STUDENT PART ONE
INTRODUCTION AND MEASUREMENT XVII XXVI CHAPTER 1 WHAT IS MACROECONOMICS?
1 -1 HOW MACROECONOMICS AFFECTS OUR EVERYDAY LIVES 1-2 DEFINING
MACROECONOMICS 1 -3 ACTUAL AND NATURAL REAL GDP 1 -4 MACROECONOMICS IN
THE SHORT RUN AND LONG RUN 1-5 CASE STUDY: A CENTURY OF BUSINESS CYCLES
1 -6 MACROECONOMICS AT THE EXTREMES 1-7 TAMING BUSINESS CYCLES:
STABILIZATION POLICY *P*- INTERNATIONAL PERSPECTIVE 1-8 PUZZLES IN
THE ECONOMIC PERFORMANCE OF THE UNITED STATES VERSUS EUROPE THE
INTERNATIONALIZATION OF MACROECONOMICS CHAPTER 2 THE MEASUREMENT OF
INCOME, PRICES, AND UNEMPLOYMENT 2-1 WHY WE CARE ABOUT INCOME 2-2 THE
CIRCULAR FLOW OF INCOME AND EXPENDITURE 2-3 WHAT TRANSACTIONS SHOULD BE
INCLUDED IN INCOME AND EXPENDITURE? ^§ WHERE TO FIND THE NUMBERS: A
GUIDE TO THE DATA 2-4 COMPONENTS OF EXPENDITURE 2-5 THE MAGIC EQUATION
AND THE TWIN DEFICITS 2-6 HOW MUCH INCOME FLOWS FROM BUSINESS FIRMS TO
HOUSEHOLDS? 2-7 NOMINAL GDP, REAL GDP, AND THE GDP DEFLATOR *& HOW TO
CALCULATE INFLATION, REAL GDP GROWTH, OR ANY OTHER GROWTH RATE 2-8
MEASURING UNEMPLOYMENT 2-9 CASE STUDY: CONFLICTING MEASUREMENTS: WAS THE
2002-04 RECOVERY JOBLESS OR NOT? APPENDIX TO CHAPTER 2: HOW WE MEASURE
REAL GDP AND THE INFLATION RATE PART TWO INCOME, INTEREST RATES, POLICY,
AND THE OPEN ECONOMY* CHAPTER 3 SPENDING, INCOME, AND INTEREST RATES 3-1
BUSINESS CYCLES AND THE THEORY OF INCOME DETERMINATION 1 3 3 5 5 9 12 14
19 20 21 25 25 25 27 28 30 34 36 38 41 42 44 51 57 57 IX X CONTENTS 3-2
INCOME DETERMINATION, UNEMPLOYMENT, AND THE PRICE LEVEL 59 3-3 PLANNED
EXPENDITURE 60 3-4 CASE STUDY: WHY DID U.S. SAVING ALMOST VANISH IN THIS
DECADE? 64 3-5 THE ECONOMY IN AND OUT OF EQUILIBRIUM 65 3-6 THE
MULTIPLIER EFFECT 70 3-7 SOURCES OF SHIFTS IN PLANNED SPENDING 72 - M -
INTERNATIONAL PERSPECTIVE HOW THE UNITED STATES AND JAPAN USE FISCAL
POLICY 76 3-8 HOW CAN MONETARY POLICY AFFECT PLANNED SPENDING? 77 3-9
THE RELATION OF AUTONOMOUS PLANNED SPENDING TO THE INTEREST RATE 78 FC)
SHIFTS IN CONSUMER CONFIDENCE AND HOUSEHOLD WEALTH AS SOURCES OF DEMAND
SHOCKS 80 3-10 THE IS CURVE 82 3-11 CONCLUSION: THE MISSING RELATION 83
NJ LEARNING ABOUT DIAGRAMS: THE /S CURVE 84 APPENDIX TO CHAPTER 3:
ALLOWING FOR INCOME TAXES AND INCOME- DEPENDENT NET EXPORTS 90 CHAPTER 4
MONETARY AND FISCAL POLICY IN THE IS-LM MODEL 93 4-1 INTRODUCTION: THE
POWER OF MONETARY AND FISCAL POLICY 93 4-2 WHY PEOPLE USE MONEY 94 4-3
INCOME, THE INTEREST RATE, AND THE DEMAND FOR MONEY 95 4-4 THE LM CURVE
99 *9 LEARNING ABOUT DIAGRAMS: THE LM CURVE 101 4-5 THE IS CURVE MEETS
THE LM CURVE 102 4-6 MONETARY POLICY IN ACTION 103 *A HOW EASY MONEY
CREATED A BOOM AND BUST IN HOUSING 104 4-7 HOW FISCAL EXPANSION CAN
CROWD OUT INVESTMENT 107 4-8 STRONG AND WEAK EFFECTS OF MONETARY
POLICY 109 4-9 STRONG AND WEAK EFFECTS OF FISCAL POLICY 112 4-10 USING
FISCAL AND MONETARY POLICY TOGETHER 114 1 UP INTERNATIONAL PERSPECTIVE
MONETARY AND FISCAL POLICY PARALYSIS IN JAPAN S LOST DECADE 118
APPENDIX TO CHAPTER 4: THE ELEMENTARY ALGEBRA OF THE IS-LM MODEL 126
CHAPTER S THE GOVERNMENT BUDGET, FOREIGN BORROWING, AND THE TWIN
DEFICITS 130 5-1 INTRODUCTION 130 5-2 THE PERVASIVE EFFECTS OF THE
GOVERNMENT BUDGET 131 5-3 CASE STUDY: THE GOVERNMENT BUDGET IN
HISTORICAL PERSPECTIVE 132 5-4 THE STRUCTURAL BUDGET 134 5-5 NATIONAL
SAVING AND THE CONSEQUENCES OF THE GOVERNMENT BUDGET 139 5-6 CASE STUDY:
HOW THE DEFICITS REJOINED TO BECOME TWINS 145 CONTENTS XI E 5-7 THE
CURRENT ACCOUNT AND THE BALANCE OF PAYMENTS 5-8 CONCLUSION: SOLUTIONS TO
THE NATIONAL SAVING SQUEEZE ^ *P - INTERNATIONAL PERSPECTIVE SAVING,
INVESTMENT, AND GOVERNMENT BUDGETS AROUND THE WORLD CHAPTER 6
INTERNATIONAL TRADE, EXCHANGE RATES, AND MACROECONOMIC POLICY 6-1
INTRODUCTION 6-2 EXCHANGE RATES 6-3 THE MARKET FOR FOREIGN EXCHANGE 6-4
REAL EXCHANGE RATES AND PURCHASING POWER PARITY 6-5 EXCHANGE RATE
SYSTEMS - UP * INTERNATIONAL PERSPECTIVE BIG MAC MEETS PPP 6-6 CASE
STUDY: ASIA INTERVENES WITH BUCKETS TO BUY DOLLARS AND FINANCE THE U.S.
CURRENT ACCOUNT DEFICIT*HOW LONG CAN THIS CONTINUE? 6-7 DETERMINANTS OF
NET EXPORTS 6-8 THE REAL EXCHANGE RATE AND INTEREST RATE 6-9 EFFECTS OF
MONETARY AND FISCAL POLICY WITH FIXED AND FLEXIBLE EXCHANGE RATES BK§
SUMMARY OF MONETARY AND FISCAL POLICY EFFECTS IN OPEN ECONOMIES 6-10
CONCLUSION: ECONOMIC POLICY IN THE OPEN ECONOMY 146 153 154 161 161 162
164 168 171 172 176 180 182 185 188 188 PART THREE AGGREGATE DEMAND,
AGGREGATE SUPPLY, 195 CHAPTER 7 AGGREGATE DEMAND, AGGREGATE SUPPLY, AND
THE SELF-CORRECTING ECONOMY 7-1 COMBINING AGGREGATE DEMAND WITH
AGGREGATE SUPPLY FLEXIBLE PRICES AND THE AD CURVE SHIFTING THE AGGREGATE
DEMAND CURVE WITH MONETARY AND FISCAL POLICY LEARNING ABOUT DIAGRAMS:
THE AD CURVE ALTERNATIVE SHAPES OF THE SHORT-RUN AGGREGATE SUPPLY CURVE
THE SHORT-RUN AGGREGATE SUPPLY (SAS) CURVE WHEN THE NOMINAL WAGE RATE IS
CONSTANT LEARNING ABOUT DIAGRAMS: THE SAS CURVE HOW THE WAGE RATE IS SET
FISCAL AND MONETARY EXPANSION IN THE SHORT AND LONG RUN SUMMARY OF THE
ECONOMY S ADJUSTMENT TO AN INCREASE IN AGGREGATE DEMAND 7-2 7-3 7-4 7-5
7-6 7-7 197 197 198 200 202 203 205 207 208 210 213 XII CONTENTS 7-8
CLASSICAL MACROECONOMICS: THE QUANTITY THEORY OF MONEY AND THE
SELF-CORRECTING ECONOMY 7-9 THE KEYNESIAN REVOLUTION: THE FAILURE OF
SELF-CORRECTION 7-10 CASE STUDY: WHAT CAUSED THE GREAT DEPRESSION?
-*»-- INTERNATIONAL PERSPECTIVE WHY WAS THE GREAT DEPRESSION WORSE IN
THE UNITED STATES THAN IN EUROPE? CHAPTER 8 INFLATION: ITS CAUSES AND
CURES 8-1 INTRODUCTION 8-2 REAL GDP, THE INFLATION RATE, AND THE
SHORT-RUN PHILLIPS CURVE 8-3 THE ADJUSTMENT OF EXPECTATIONS *3 LEARNING
ABOUT DIAGRAMS: THE SHORT-RUN (5P) AND LONG-RUN (LP) PHILLIPS CURVES 8-4
NOMINAL GDP GROWTH AND INFLATION 8-5 EFFECTS OF AN ACCELERATION IN
NOMINAL GDP GROWTH 8-6 EXPECTATIONS AND THE INFLATION CYCLE 8-7
RECESSION AS A CURE FOR INFLATION , ! - INTERNATIONAL PERSPECTIVE
DID DISINFLATION IN EUROPE DIFFER FROM THAT IN THE UNITED STATES? 8-8
THE IMPORTANCE OF SUPPLY SHOCKS ^J TYPES OF SUPPLY SHOCKS AND WHEN THEY
MATTERED 8-9 THE RESPONSE OF INFLATION AND THE OUTPUT RATIO TO A SUPPLY
SHOCK 8-10 CASE STUDY: WHY DID INFLATION CREEP UP AFTER 2003? 8-11
INFLATION AND OUTPUT FLUCTUATIONS: RECAPITULATION OF CAUSES AND CURES
8-12 HOW IS THE UNEMPLOYMENT RATE RELATED TO THE INFLATION RATE?
APPENDIX TO CHAPTER 8: THE ELEMENTARY ALGEBRA OF THE SP-DC MODEL CHAPTER
9 THE GOALS OF STABILIZATION POLICY: LOW INFLATION AND LOW UNEMPLOYMENT
9-1 THE COSTS AND CAUSES OF INFLATION 9-2 MONEY AND INFLATION - W
INTERNATIONAL PERSPECTIVE MONEY GROWTH AND INFLATION 9-3 WHY INFLATION
IS NOT HARMLESS ^ THE WIZARD OF OZ AS A MONETARY ALLEGORY 9-4 INDEXATION
AND OTHER REFORMS TO REDUCE THE COSTS OF INFLATION FCJ THE INDEXED BOND
(TIPS) PROTECTS INVESTORS FROM INFLATION 9-5 THE GOVERNMENT BUDGET
CONSTRAINT AND THE INFLATION TAX 9-6 STARTING AND STOPPING A
HYPERINFLATION 9-7 WHY THE UNEMPLOYMENT RATE CANNOT BE REDUCED TO ZERO
214 216 22 224 233 233 236 239 241 241 243 245 248 250 252 254 255 259
261 264 273 281 281 282 285 286 291 294 295 296 300 303 CONTENTS XIII E
9-8 SOURCES OF MISMATCH UNEMPLOYMENT 9-9 TURNOVER UNEMPLOYMENT AND JOB
SEARCH 9-10 CONCLUSION: SOLUTIONS TO THE INFLATION AND UNEMPLOYMENT
DILEMMA PART FOUR MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC
FINANCE CHAPTER IO THE THEORY OF ECONOMIC GROWTH 10-1 THE IMPORTANCE OF
ECONOMIC GROWTH 10-2 STANDARDS OF LIVING AS THE CONSEQUENCE OF ECONOMIC
GROWTH - *^P INTERNATIONAL PERSPECTIVE THE GROWTH EXPERIENCE OF SEVEN
COUNTRIES OVER THE LAST CENTURY 10-3 THE PRODUCTION FUNCTION AND
ECONOMIC GROWTH 10-4 SOLOW S THEORY OF ECONOMIC GROWTH 10-5 TECHNOLOGY
IN THEORY AND PRACTICE 10-6 PUZZLES THAT SOLOW S THEORY CANNOT EXPLAIN
10-7 HUMAN CAPITAL, IMMIGRATION, AND THE SOLOW PUZZLES 10-8 ENDOGENOUS
GROWTH THEORY: HOW IS TECHNOLOGICAL CHANGE PRODUCED? 10-9 CONCLUSION:
ARE THERE SECRETS OF GROWTH? APPENDIX TO CHAPTER 10: GENERA L FUNCTIONAL
FORMS AND THE PRODUCTION FUNCTION CHAPTER II THE BIG QUESTIONS OF
ECONOMIC GROWTH 11 -1 ANSWERING THE BIG QUESTIONS 11-2 THE STANDARD OF
LIVING AND CONCEPTS OF PRODUCTIVITY 11 -3 THE FAILURE OF CONVERGENCE 11
-4 HUMAN CAPITAL AND TECHNOLOGY 11-5 POLITICAL CAPITAL, INFRASTRUCTURE,
AND GEOGRAPHY * TM INTERNATIONAL PERSPECTIVE A SYMPTOM OF POVERTY:
URBAN SLUMS IN THE POOR CITIES * W - INTERNATIONAL PERSPECTIVE
INSTITUTIONS MATTER: SOUTH KOREA VERSUS NORTH KOREA M - INTERNATIONAL
PERSPECTIVE GROWTH SUCCESS AND FAILURE IN THE TROPICS 11-6 CASE STUDY:
UNEVEN U.S. GROWTH ACROSS ERAS: WHY DID U.S. PRODUCTIVITY GROWTH SLOW
DOWN AND THEN REVIVE? 11 -7 LABOR SUPPLY SHIFTS AS A SOURCE OF FASTER OR
SLOWER PRODUCTIVITY GROWTH 11-8 CASE STUDY: THE PRODUCTIVITY GROWTH
CONTRAST BETWEEN EUROPE AND THE UNITED STATES 11 -9 CONCLUSION ON THE
GREAT QUESTIONS OF GROWTH * 305 308 311 312 319 319 321 322 323 327 331
333 337 339 341 347 349 349 351 354 360 362 363 366 369 371 377 380 383
XLV CONTENTS CHAPTER 12 THE GOVERNMENT BUDGET, THE PUBLIC DEBT, AND
SOCIAL SECURITY 389 12-1 INTRODUCTION: THE GOVERNMENT BUDGET AND
LONG-RUN ECONOMIC GROWTH 389 12-2 LONG-RUN EFFECTS OF FISCAL POLICY ON
ECONOMIC GROWTH AND WELFARE 390 12-3 THE FUTURE BURDEN OF THE GOVERNMENT
DEBT 392 12-4 WILL THE GOVERNMENT REMAIN SOLVENT? 393 11 W INTERNATIONAL
PERSPECTIVE THE DEBT-GDP RATIO: HOW DOES THE UNITED STATES COMPARE? 395
12-5 CASE STUDY: HISTORICAL BEHAVIOR OF THE DEBT-GDP RATIO SINCE 1790
396 1 2-6 WHY THE BUDGET DEFICIT DISAPPEARED TEMPORARILY AND THEN
REAPPEARED 398 12-7 ALTERNATIVE VIEWS OF FISCAL POLICY: SUPPLY-SIDE
ECONOMICS 400 12-8 ALTERNATIVE VIEWS OF FISCAL POLICY: THE BARRO-RICARDO
EQUIVALENCE THEOREM 403 12-9 THE GREAT DEBATE OVER SOCIAL SECURITY 404
12-10 LONG-RUN ECONOMIC GROWTH AND THE FISCAL DEBATE 410 PART FIVE
STABILIZATION POLICY IN AN OPEN ECONOMY 415 CHAPTER 13 MONEY AND
FINANCIAL MARKETS 417 13-1 MONEY IN A WORLD OF MANY FINANCIAL ASSETS AND
LIABILITIES 417 13-2 FINANCIAL INSTITUTIONS, MARKETS, AND INSTRUMENTS
418 13-3 DEFINITIONS OF MONEY 422 13-4 HIGH-POWERED MONEY AND
DETERMINANTS OF THE MONEY SUPPLY 424 13-5 THE FED S THREE TOOLS FOR
CHANGING THE MONEY SUPPLY 428 13-6 THEORIES OF THE DEMAND FOR MONEY 433
- QP INTERNATIONAL PERSPECTIVE PLASTIC REPLACES CASH, AND THE CELL
PHONE REPLACES PLASTIC 438 13-7 CASE STUDY: WHY INTEREST RATES WERE MORE
VOLATILE IN THE 1980S AND LESS VOLATILE IN THE 1990S 440 13-8 WHY THE
FEDERAL RESERVE SETS INTEREST RATES 443 CHAPTER 14 STABILIZATION
POLICY IN THE CLOSED AND OPEN ECONOMY 451 14-1 THE CENTRAL ROLE OF
DEMAND SHOCKS 451 14-2 STABILIZATION TARGETS AND INSTRUMENTS IN THE
ACTIVISTS PARADISE 452 *9 RULES VERSUS ACTIVISM IN A NUTSHELL: THE
OPTIMISM-PESSIMISM GRID 454 14-3 POLICY RULES 455 14-4 POLICY PITFALLS:
LAGS AND UNCERTAIN MULTIPLIERS 457 14-5 CASE STUDY: WAS THE FED
RESPONSIBLE FOR THE GREAT MODERATION? 462 14-6 TIME INCONSISTENCY,
CREDIBILITY, AND REPUTATION 467 14-7 CASE STUDY: THE TAYLOR RULE AND THE
CHANGING FED ATTITUDE TOWARD INFLATION AND OUTPUT 469 CONTENTS XV 14-8
RULES VERSUS DISCRETION: AN ASSESSMENT 471 *9 HOW THE FED REINVENTED
INSTABILITY IN RESIDENTIAL CONSTRUCTION 474 14-9 CASE STUDY: SHOULD
MONETARY POLICY TARGET THE EXCHANGE RATE? 477 1 ^I INTERNATIONAL
PERSPECTIVE THE DEBATE ABOUT THE EURO 478 PART SIX STABILITY AND
INSTABILITY IN THE PRIVATE ECONOMY 485 CHAPTER IS THE ECONOMICS OF
CONSUMPTION BEHAVIOR 487 15-1 CONSUMPTION AND ECONOMIC STABILITY 487
15-2 CASE STUDY: MAIN FEATURES OF U.S. CONSUMPTION DATA 488 15-3
BACKGROUND: THE CONFLICT BETWEEN THE TIME-SERIES AND CROSS-SECTION
EVIDENCE 490 15-4 FORWARD-LOOKING BEHAVIOR: THE PERMANENT-INCOME
HYPOTHESIS 493 15-5 FORWARD-LOOKING BEHAVIOR: THE LIFE-CYCLE HYPOTHESIS
497 15-6 RATIONAL EXPECTATIONS AND OTHER AMENDMENTS TO THE SIMPLE
FORWARD-LOOKING THEORIES 501 ^ DID HOUSEHOLDS SPEND OR SAVE THE 2001 TAX
REBATE? 503 15-7 BEQUESTS AND UNCERTAINTY 505 - MV INTERNATIONAL
PERSPECTIVE WHY DO SOME COUNTRIES SAVE SO MUCH? 506 15-8 CASE STUDY: DID
SOARING HOUSEHOLD ASSETS CAUSE THE COLLAPSE IN THE HOUSEHOLD SAVING
RATE? 510 15-9 WHY THE OFFICIAL HOUSEHOLD SAVING DATA ARE MISLEADING 513
15-10 CONCLUSION: CONSUMPTION AND THE CASE FOR AND AGAINST ACTIVISM 515
CHAPTER 16 THE ECONOMICS OF INVESTMENT BEHAVIOR 521 16-1 INVESTMENT AND
ECONOMIC STABILITY 521 1 6-2 CASE STUDY: THE HISTORICAL INSTABILITY OF
INVESTMENT 522 16-3 THE ACCELERATOR HYPOTHESIS OF NET INVESTMENT 524
16-4 CASE STUDY: THE SIMPLE ACCELERATOR AND THE POSTWAR U.S. ECONOMY 528
16-5 THE FLEXIBLE ACCELERATOR 530 1 6-6 THE NEOCLASSICAL THEORY OF
INVESTMENT BEHAVIOR 531 ^9 TOBIN S Q : DOES IT EXPLAIN INVESTMENT BETTER
THAN THE ACCELERATOR OR NEOCLASSICAL THEORIES? 532 1 6-7 USER COST AND
THE ROLE OF MONETARY AND FISCAL POLICY 535 16-8 BUSINESS CONFIDENCE AND
SPECULATION 537 FC# INVESTMENT IN THE GREAT DEPRESSION AND WORLD WAR II
538 16-9 CASE STUDY: THE BOOM AND BUST IN NEW ECONOMY INVESTMENT 540 M
INTERNATIONAL PERSPECTIVE THE LEVEL AND VARIABILITY OF INVESTMENT
AROUND THE WORLD 542 16-10 INVESTMENT AS A SOURCE OF INSTABILITY OF
OUTPUT AND INTEREST RATES 544 16-11 CONCLUSION: INVESTMENT AND THE CASE
FOR AND AGAINST ACTIVISM 545 XVI CONTENTS PART SEVEN DEBATES AT THE
MACROECONOMIC FRONTIER 551 CHAPTER 17 NEW CLASSICAL MACRO CONFRONTS NEW
KEYNESIAN MACRO 553 17-1 INTRODUCTION: CLASSICAL AND KEYNESIAN
ECONOMICS, OLD AND NEW 553 17-2 IMPERFECT INFORMATION AND THE FOOLING
MODEL 554 17-3 THE LUCAS MODEL AND THE POLICY INEFFECTIVENESS
PROPOSITION 556 17-4 THE REAL BUSINESS CYCLE MODEL 558 17-5 NEW
CLASSICAL MACROECONOMICS: LIMITATIONS AND POSITIVE CONTRIBUTIONS 561
^^~ INTERNATIONAL PERSPECTIVE PRODUCTIVITY FLUCTUATIONS IN THE UNITED
STATES AND JAPAN 562 1 7-6 ESSENTIAL FEATURES OF THE NEW KEYNESIAN
ECONOMICS 566 1 7- 7 WHY SMALL NOMINAL RIGIDITIES HAVE LARGE
MACROECONOMIC EFFECTS 567 17-8 COORDINATION FAILURES AND INDEXATION 571
1 7-9 LONG-TERM LABOR CONTRACTS AS A SOURCE OF THE BUSINESS CYCLE 572
17-10 REAL SOURCES OF WAGE STICKINESS 574 17-11 ASSESSMENT OF THE NEW
KEYNESIAN MODEL , 576 CHAPTER IS CONCLUSION: WHERE WE STAND 582 18-1 THE
EVOLUTION OF EVENTS AND IDEAS 582 18-2 THE REACTION OF IDEAS TO EVENTS,
1923-47 583 18-3 THE REACTION OF IDEAS TO EVENTS, 1947-69 586 18-4 THE
REACTION OF IDEAS TO EVENTS, 1970-2007 590 18-5 THE REACTION OF IDEAS TO
EVENTS IN THE WORLD ECONOMY 597 18-6 MACRO MYSTERIES: UNSETTLED ISSUES
AND DEBATES 598 *^M INTERNATIONAL PERSPECTIVE HOW DOES MACROECONOMICS
DIFFER IN THE UNITED STATES AND EUROPE? 600 APPENDIXES A TIME SERIES
DATA FOR THE U.S. ECONOMY: 1875-2007 B INTERNATIONAL ANNUAL TIME SERIES
DATA FOR SELECTED COUNTRIES: 1960-2008 C DATA SOURCES AND METHODS
GLOSSARY INDEX A-1 A-9 A-15 C-1 1-1
|
| adam_txt |
CONTENTS PREFACE: TO THE INSTRUCTOR PREFACE: TO THE STUDENT PART ONE
INTRODUCTION AND MEASUREMENT XVII XXVI CHAPTER 1 WHAT IS MACROECONOMICS?
1 -1 HOW MACROECONOMICS AFFECTS OUR EVERYDAY LIVES 1-2 DEFINING
MACROECONOMICS 1 -3 ACTUAL AND NATURAL REAL GDP 1 -4 MACROECONOMICS IN
THE SHORT RUN AND LONG RUN 1-5 CASE STUDY: A CENTURY OF BUSINESS CYCLES
1 -6 MACROECONOMICS AT THE EXTREMES 1-7 TAMING BUSINESS CYCLES:
STABILIZATION POLICY """*P*-' INTERNATIONAL PERSPECTIVE 1-8 PUZZLES IN
THE ECONOMIC PERFORMANCE OF THE UNITED STATES VERSUS EUROPE THE
"INTERNATIONALIZATION" OF MACROECONOMICS CHAPTER 2 THE MEASUREMENT OF
INCOME, PRICES, AND UNEMPLOYMENT 2-1 WHY WE CARE ABOUT INCOME 2-2 THE
CIRCULAR FLOW OF INCOME AND EXPENDITURE 2-3 WHAT TRANSACTIONS SHOULD BE
INCLUDED IN INCOME AND EXPENDITURE? ^§ WHERE TO FIND THE NUMBERS: A
GUIDE TO THE DATA 2-4 COMPONENTS OF EXPENDITURE 2-5 THE "MAGIC" EQUATION
AND THE TWIN DEFICITS 2-6 HOW MUCH INCOME FLOWS FROM BUSINESS FIRMS TO
HOUSEHOLDS? 2-7 NOMINAL GDP, REAL GDP, AND THE GDP DEFLATOR *& HOW TO
CALCULATE INFLATION, REAL GDP GROWTH, OR ANY OTHER GROWTH RATE 2-8
MEASURING UNEMPLOYMENT 2-9 CASE STUDY: CONFLICTING MEASUREMENTS: WAS THE
2002-04 RECOVERY "JOBLESS" OR NOT? APPENDIX TO CHAPTER 2: HOW WE MEASURE
REAL GDP AND THE INFLATION RATE PART TWO INCOME, INTEREST RATES, POLICY,
AND THE OPEN ECONOMY* CHAPTER 3 SPENDING, INCOME, AND INTEREST RATES 3-1
BUSINESS CYCLES AND THE THEORY OF INCOME DETERMINATION 1 3 3 5 5 9 12 14
19 20 21 25 25 25 27 28 30 34 36 38 41 42 44 51 57 57 IX X CONTENTS 3-2
INCOME DETERMINATION, UNEMPLOYMENT, AND THE PRICE LEVEL 59 3-3 PLANNED
EXPENDITURE 60 3-4 CASE STUDY: WHY DID U.S. SAVING ALMOST VANISH IN THIS
DECADE? 64 3-5 THE ECONOMY IN AND OUT OF EQUILIBRIUM 65 3-6 THE
MULTIPLIER EFFECT 70 3-7 SOURCES OF SHIFTS IN PLANNED SPENDING 72 - M -
INTERNATIONAL PERSPECTIVE HOW THE UNITED STATES AND JAPAN USE FISCAL
POLICY 76 3-8 HOW CAN MONETARY POLICY AFFECT PLANNED SPENDING? 77 3-9
THE RELATION OF AUTONOMOUS PLANNED SPENDING TO THE INTEREST RATE 78 FC)
SHIFTS IN CONSUMER CONFIDENCE AND HOUSEHOLD WEALTH AS SOURCES OF DEMAND
SHOCKS 80 3-10 THE IS CURVE 82 3-11 CONCLUSION: THE MISSING RELATION 83
NJ LEARNING ABOUT DIAGRAMS: THE /S CURVE 84 APPENDIX TO CHAPTER 3:
ALLOWING FOR INCOME TAXES AND INCOME- DEPENDENT NET EXPORTS 90 CHAPTER 4
MONETARY AND FISCAL POLICY IN THE IS-LM MODEL 93 4-1 INTRODUCTION: THE
POWER OF MONETARY AND FISCAL POLICY 93 4-2 WHY PEOPLE USE MONEY 94 4-3
INCOME, THE INTEREST RATE, AND THE DEMAND FOR MONEY 95 4-4 THE LM CURVE
99 *9 LEARNING ABOUT DIAGRAMS: THE LM CURVE 101 4-5 THE IS CURVE MEETS
THE LM CURVE 102 4-6 MONETARY POLICY IN ACTION 103 *A HOW EASY MONEY
CREATED A BOOM AND BUST IN HOUSING 104 4-7 HOW FISCAL EXPANSION CAN
"CROWD OUT" INVESTMENT 107 4-8 STRONG AND WEAK EFFECTS OF MONETARY
POLICY 109 4-9 STRONG AND WEAK EFFECTS OF FISCAL POLICY 112 4-10 USING
FISCAL AND MONETARY POLICY TOGETHER 114 1 UP ' INTERNATIONAL PERSPECTIVE
MONETARY AND FISCAL POLICY PARALYSIS IN JAPAN'S "LOST DECADE" 118
APPENDIX TO CHAPTER 4: THE ELEMENTARY ALGEBRA OF THE IS-LM MODEL 126
CHAPTER S THE GOVERNMENT BUDGET, FOREIGN BORROWING, AND THE TWIN
DEFICITS 130 5-1 INTRODUCTION 130 5-2 THE PERVASIVE EFFECTS OF THE
GOVERNMENT BUDGET 131 5-3 CASE STUDY: THE GOVERNMENT BUDGET IN
HISTORICAL PERSPECTIVE 132 5-4 THE STRUCTURAL BUDGET 134 5-5 NATIONAL
SAVING AND THE CONSEQUENCES OF THE GOVERNMENT BUDGET 139 5-6 CASE STUDY:
HOW THE DEFICITS REJOINED TO BECOME "TWINS" 145 CONTENTS XI E 5-7 THE
CURRENT ACCOUNT AND THE BALANCE OF PAYMENTS 5-8 CONCLUSION: SOLUTIONS TO
THE NATIONAL SAVING SQUEEZE ^"*P"- INTERNATIONAL PERSPECTIVE SAVING,
INVESTMENT, AND GOVERNMENT BUDGETS AROUND THE WORLD CHAPTER 6
INTERNATIONAL TRADE, EXCHANGE RATES, AND MACROECONOMIC POLICY 6-1'
INTRODUCTION 6-2 EXCHANGE RATES 6-3 THE MARKET FOR FOREIGN EXCHANGE 6-4
REAL EXCHANGE RATES AND PURCHASING POWER PARITY 6-5 EXCHANGE RATE
SYSTEMS - UP * INTERNATIONAL PERSPECTIVE BIG MAC MEETS PPP 6-6 CASE
STUDY: ASIA INTERVENES WITH BUCKETS TO BUY DOLLARS AND FINANCE THE U.S.
CURRENT ACCOUNT DEFICIT*HOW LONG CAN THIS CONTINUE? 6-7 DETERMINANTS OF
NET EXPORTS 6-8 THE REAL EXCHANGE RATE AND INTEREST RATE 6-9 EFFECTS OF
MONETARY AND FISCAL POLICY WITH FIXED AND FLEXIBLE EXCHANGE RATES BK§
SUMMARY OF MONETARY AND FISCAL POLICY EFFECTS IN OPEN ECONOMIES 6-10
CONCLUSION: ECONOMIC POLICY IN THE OPEN ECONOMY 146 153 154 161 161 162
164 168 171 172 176 180 182 185 188 188 PART THREE AGGREGATE DEMAND,
AGGREGATE SUPPLY, 195 CHAPTER 7 AGGREGATE DEMAND, AGGREGATE SUPPLY, AND
THE SELF-CORRECTING ECONOMY 7-1 COMBINING AGGREGATE DEMAND WITH
AGGREGATE SUPPLY FLEXIBLE PRICES AND THE AD CURVE SHIFTING THE AGGREGATE
DEMAND CURVE WITH MONETARY AND FISCAL POLICY LEARNING ABOUT DIAGRAMS:
THE AD CURVE ALTERNATIVE SHAPES OF THE SHORT-RUN AGGREGATE SUPPLY CURVE
THE SHORT-RUN AGGREGATE SUPPLY (SAS) CURVE WHEN THE NOMINAL WAGE RATE IS
CONSTANT LEARNING ABOUT DIAGRAMS: THE SAS CURVE HOW THE WAGE RATE IS SET
FISCAL AND MONETARY EXPANSION IN THE SHORT AND LONG RUN SUMMARY OF THE
ECONOMY'S ADJUSTMENT TO AN INCREASE IN AGGREGATE DEMAND 7-2 7-3 7-4 7-5
7-6 7-7 197 197 198 200 202 203 205 207 208 210 213 XII CONTENTS 7-8
CLASSICAL MACROECONOMICS: THE QUANTITY THEORY OF MONEY AND THE
SELF-CORRECTING ECONOMY 7-9 THE KEYNESIAN REVOLUTION: THE FAILURE OF
SELF-CORRECTION 7-10 CASE STUDY: WHAT CAUSED THE GREAT DEPRESSION?
-*»-- INTERNATIONAL PERSPECTIVE WHY WAS THE GREAT DEPRESSION WORSE IN
THE UNITED STATES THAN IN EUROPE? CHAPTER 8 INFLATION: ITS CAUSES AND
CURES 8-1 INTRODUCTION 8-2 REAL GDP, THE INFLATION RATE, AND THE
SHORT-RUN PHILLIPS CURVE 8-3 THE ADJUSTMENT OF EXPECTATIONS *3 LEARNING
ABOUT DIAGRAMS: THE SHORT-RUN (5P) AND LONG-RUN (LP) PHILLIPS CURVES 8-4
NOMINAL GDP GROWTH AND INFLATION 8-5 EFFECTS OF AN ACCELERATION IN
NOMINAL GDP GROWTH 8-6 EXPECTATIONS AND THE INFLATION CYCLE 8-7
RECESSION AS A CURE FOR INFLATION , "'! - INTERNATIONAL PERSPECTIVE
DID DISINFLATION IN EUROPE DIFFER FROM THAT IN THE UNITED STATES? 8-8
THE IMPORTANCE OF SUPPLY SHOCKS ^J TYPES OF SUPPLY SHOCKS AND WHEN THEY
MATTERED 8-9 THE RESPONSE OF INFLATION AND THE OUTPUT RATIO TO A SUPPLY
SHOCK 8-10 CASE STUDY: WHY DID INFLATION CREEP UP AFTER 2003? 8-11
INFLATION AND OUTPUT FLUCTUATIONS: RECAPITULATION OF CAUSES AND CURES
8-12 HOW IS THE UNEMPLOYMENT RATE RELATED TO THE INFLATION RATE?
APPENDIX TO CHAPTER 8: THE ELEMENTARY ALGEBRA OF THE SP-DC MODEL CHAPTER
9 THE GOALS OF STABILIZATION POLICY: LOW INFLATION AND LOW UNEMPLOYMENT
9-1 THE COSTS AND CAUSES OF INFLATION 9-2 MONEY AND INFLATION -' W "
INTERNATIONAL PERSPECTIVE MONEY GROWTH AND INFLATION 9-3 WHY INFLATION
IS NOT HARMLESS ^ THE WIZARD OF OZ AS A MONETARY ALLEGORY 9-4 INDEXATION
AND OTHER REFORMS TO REDUCE THE COSTS OF INFLATION FCJ THE INDEXED BOND
(TIPS) PROTECTS INVESTORS FROM INFLATION 9-5 THE GOVERNMENT BUDGET
CONSTRAINT AND THE INFLATION TAX 9-6 STARTING AND STOPPING A
HYPERINFLATION 9-7 WHY THE UNEMPLOYMENT RATE CANNOT BE REDUCED TO ZERO
214 216 22\ 224 233 233 236 239 241 241 243 245 248 250 252 254 255 259
261 264 273 281 281 282 285 286 291 294 295 296 300 303 CONTENTS XIII E
9-8 SOURCES OF MISMATCH UNEMPLOYMENT 9-9 TURNOVER UNEMPLOYMENT AND JOB
SEARCH 9-10 CONCLUSION: SOLUTIONS TO THE INFLATION AND UNEMPLOYMENT
DILEMMA PART FOUR MACROECONOMICS IN THE LONG RUN: GROWTH AND PUBLIC
FINANCE CHAPTER IO THE THEORY OF ECONOMIC GROWTH 10-1 THE IMPORTANCE OF
ECONOMIC GROWTH 10-2 STANDARDS OF LIVING AS THE CONSEQUENCE OF ECONOMIC
GROWTH -"*^P"" INTERNATIONAL PERSPECTIVE THE GROWTH EXPERIENCE OF SEVEN
COUNTRIES OVER THE LAST CENTURY 10-3 THE PRODUCTION FUNCTION AND
ECONOMIC GROWTH 10-4 SOLOW'S THEORY OF ECONOMIC GROWTH 10-5 TECHNOLOGY
IN THEORY AND PRACTICE 10-6 PUZZLES THAT SOLOW'S THEORY CANNOT EXPLAIN
10-7 HUMAN CAPITAL, IMMIGRATION, AND THE SOLOW PUZZLES 10-8 ENDOGENOUS
GROWTH THEORY: HOW IS TECHNOLOGICAL CHANGE PRODUCED? 10-9 CONCLUSION:
ARE THERE SECRETS OF GROWTH? APPENDIX TO CHAPTER 10: GENERA L FUNCTIONAL
FORMS AND THE PRODUCTION FUNCTION CHAPTER II THE BIG QUESTIONS OF
ECONOMIC GROWTH 11 -1 ANSWERING THE BIG QUESTIONS 11-2 THE STANDARD OF
LIVING AND CONCEPTS OF PRODUCTIVITY 11 -3 THE FAILURE OF CONVERGENCE 11
-4 HUMAN CAPITAL AND TECHNOLOGY 11-5 POLITICAL CAPITAL, INFRASTRUCTURE,
AND GEOGRAPHY * TM " INTERNATIONAL PERSPECTIVE A SYMPTOM OF POVERTY:
URBAN SLUMS IN THE POOR CITIES * W - INTERNATIONAL PERSPECTIVE
INSTITUTIONS MATTER: SOUTH KOREA VERSUS NORTH KOREA M - INTERNATIONAL
PERSPECTIVE GROWTH SUCCESS AND FAILURE IN THE TROPICS 11-6 CASE STUDY:
UNEVEN U.S. GROWTH ACROSS ERAS: WHY DID U.S. PRODUCTIVITY GROWTH SLOW
DOWN AND THEN REVIVE? 11 -7 LABOR SUPPLY SHIFTS AS A SOURCE OF FASTER OR
SLOWER PRODUCTIVITY GROWTH 11-8 CASE STUDY: THE PRODUCTIVITY GROWTH
CONTRAST BETWEEN EUROPE AND THE UNITED STATES 11 -9 CONCLUSION ON THE
GREAT QUESTIONS OF GROWTH * 305 308 311 312 319 319 321 322 323 327 331
333 337 339 341 347 349 349 351 354 360 362 363 366 369 371 377 380 383
XLV CONTENTS CHAPTER 12 THE GOVERNMENT BUDGET, THE PUBLIC DEBT, AND
SOCIAL SECURITY 389 12-1 INTRODUCTION: THE GOVERNMENT BUDGET AND
LONG-RUN ECONOMIC GROWTH 389 12-2 LONG-RUN EFFECTS OF FISCAL POLICY ON
ECONOMIC GROWTH AND WELFARE 390 12-3 THE FUTURE BURDEN OF THE GOVERNMENT
DEBT 392 12-4 WILL THE GOVERNMENT REMAIN SOLVENT? 393 11 W INTERNATIONAL
PERSPECTIVE THE DEBT-GDP RATIO: HOW DOES THE UNITED STATES COMPARE? 395
12-5 CASE STUDY: HISTORICAL BEHAVIOR OF THE DEBT-GDP RATIO SINCE 1790
396 1 2-6 WHY THE BUDGET DEFICIT DISAPPEARED TEMPORARILY AND THEN
REAPPEARED 398 12-7 ALTERNATIVE VIEWS OF FISCAL POLICY: SUPPLY-SIDE
ECONOMICS 400 12-8 ALTERNATIVE VIEWS OF FISCAL POLICY: THE BARRO-RICARDO
EQUIVALENCE THEOREM 403 12-9 THE GREAT DEBATE OVER SOCIAL SECURITY 404
12-10 LONG-RUN ECONOMIC GROWTH AND THE FISCAL DEBATE 410 PART FIVE
STABILIZATION POLICY IN AN OPEN ECONOMY 415 CHAPTER 13 MONEY AND
FINANCIAL MARKETS 417 13-1 MONEY IN A WORLD OF MANY FINANCIAL ASSETS AND
LIABILITIES 417 13-2 FINANCIAL INSTITUTIONS, MARKETS, AND INSTRUMENTS
418 13-3 DEFINITIONS OF MONEY 422 13-4 HIGH-POWERED MONEY AND
DETERMINANTS OF THE MONEY SUPPLY 424 13-5 THE FED'S THREE TOOLS FOR
CHANGING THE MONEY SUPPLY 428 13-6 THEORIES OF THE DEMAND FOR MONEY 433
-'"QP"" INTERNATIONAL PERSPECTIVE PLASTIC REPLACES CASH, AND THE CELL
PHONE REPLACES PLASTIC 438 13-7 CASE STUDY: WHY INTEREST RATES WERE MORE
VOLATILE IN THE 1980S AND LESS VOLATILE IN THE 1990S 440 13-8 WHY THE
FEDERAL RESERVE "SETS" INTEREST RATES 443 CHAPTER 14 STABILIZATION
POLICY IN THE CLOSED AND OPEN ECONOMY 451 14-1 THE CENTRAL ROLE OF
DEMAND SHOCKS 451 14-2 STABILIZATION TARGETS AND INSTRUMENTS IN THE
ACTIVISTS'PARADISE 452 '*9 RULES VERSUS ACTIVISM IN A NUTSHELL: THE
OPTIMISM-PESSIMISM GRID 454 14-3 POLICY RULES 455 14-4 POLICY PITFALLS:
LAGS AND UNCERTAIN MULTIPLIERS 457 14-5 CASE STUDY: WAS THE FED
RESPONSIBLE FOR THE GREAT MODERATION? 462 14-6 TIME INCONSISTENCY,
CREDIBILITY, AND REPUTATION 467 14-7 CASE STUDY: THE TAYLOR RULE AND THE
CHANGING FED ATTITUDE TOWARD INFLATION AND OUTPUT 469 CONTENTS XV 14-8
RULES VERSUS DISCRETION: AN ASSESSMENT 471 *9 HOW THE FED REINVENTED
INSTABILITY IN RESIDENTIAL CONSTRUCTION 474 14-9 CASE STUDY: SHOULD
MONETARY POLICY TARGET THE EXCHANGE RATE? 477 1 ^I INTERNATIONAL
PERSPECTIVE THE DEBATE ABOUT THE EURO 478 PART SIX STABILITY AND
INSTABILITY IN THE PRIVATE ECONOMY 485 CHAPTER IS THE ECONOMICS OF
CONSUMPTION BEHAVIOR 487 15-1 CONSUMPTION AND ECONOMIC STABILITY 487
15-2 CASE STUDY: MAIN FEATURES OF U.S. CONSUMPTION DATA 488 15-3
BACKGROUND: THE CONFLICT BETWEEN THE TIME-SERIES AND CROSS-SECTION
EVIDENCE 490 15-4 FORWARD-LOOKING BEHAVIOR: THE PERMANENT-INCOME
HYPOTHESIS 493 15-5 FORWARD-LOOKING BEHAVIOR: THE LIFE-CYCLE HYPOTHESIS
497 15-6 RATIONAL EXPECTATIONS AND OTHER AMENDMENTS TO THE SIMPLE
FORWARD-LOOKING THEORIES 501 ^ DID HOUSEHOLDS SPEND OR SAVE THE 2001 TAX
REBATE? 503 15-7 BEQUESTS AND UNCERTAINTY 505 - MV INTERNATIONAL
PERSPECTIVE WHY DO SOME COUNTRIES SAVE SO MUCH? 506 15-8 CASE STUDY: DID
SOARING HOUSEHOLD ASSETS CAUSE THE COLLAPSE IN THE HOUSEHOLD SAVING
RATE? 510 15-9 WHY THE OFFICIAL HOUSEHOLD SAVING DATA ARE MISLEADING 513
15-10 CONCLUSION: CONSUMPTION AND THE CASE FOR AND AGAINST ACTIVISM 515
CHAPTER 16 THE ECONOMICS OF INVESTMENT BEHAVIOR 521 16-1 INVESTMENT AND
ECONOMIC STABILITY 521 1 6-2 CASE STUDY: THE HISTORICAL INSTABILITY OF
INVESTMENT 522 16-3 THE ACCELERATOR HYPOTHESIS OF NET INVESTMENT 524
16-4 CASE STUDY: THE SIMPLE ACCELERATOR AND THE POSTWAR U.S. ECONOMY 528
16-5 THE FLEXIBLE ACCELERATOR 530 1 6-6 THE NEOCLASSICAL THEORY OF
INVESTMENT BEHAVIOR 531 ^9 TOBIN'S Q : DOES IT EXPLAIN INVESTMENT BETTER
THAN THE ACCELERATOR OR NEOCLASSICAL THEORIES? 532 1 6-7 USER COST AND
THE ROLE OF MONETARY AND FISCAL POLICY 535 16-8 BUSINESS CONFIDENCE AND
SPECULATION 537 FC# INVESTMENT IN THE GREAT DEPRESSION AND WORLD WAR II
538 16-9 CASE STUDY: THE BOOM AND BUST IN "NEW ECONOMY" INVESTMENT 540 M
" INTERNATIONAL PERSPECTIVE THE LEVEL AND VARIABILITY OF INVESTMENT
AROUND THE WORLD 542 16-10 INVESTMENT AS A SOURCE OF INSTABILITY OF
OUTPUT AND INTEREST RATES 544 16-11 CONCLUSION: INVESTMENT AND THE CASE
FOR AND AGAINST ACTIVISM 545 XVI CONTENTS PART SEVEN DEBATES AT THE
MACROECONOMIC FRONTIER 551 CHAPTER 17 NEW CLASSICAL MACRO CONFRONTS NEW
KEYNESIAN MACRO 553 17-1 INTRODUCTION: CLASSICAL AND KEYNESIAN
ECONOMICS, OLD AND NEW 553 17-2 IMPERFECT INFORMATION AND THE "FOOLING
MODEL" 554 17-3 THE LUCAS MODEL AND THE POLICY INEFFECTIVENESS
PROPOSITION 556 17-4 THE REAL BUSINESS CYCLE MODEL 558 17-5 NEW
CLASSICAL MACROECONOMICS: LIMITATIONS AND POSITIVE CONTRIBUTIONS 561
"^^~ INTERNATIONAL PERSPECTIVE PRODUCTIVITY FLUCTUATIONS IN THE UNITED
STATES AND JAPAN 562 1 7-6 ESSENTIAL FEATURES OF THE NEW KEYNESIAN
ECONOMICS 566 1 7- 7 WHY SMALL NOMINAL RIGIDITIES HAVE LARGE
MACROECONOMIC EFFECTS 567 17-8 COORDINATION FAILURES AND INDEXATION 571
1 7-9 LONG-TERM LABOR CONTRACTS AS A SOURCE OF THE BUSINESS CYCLE 572
17-10 "REAL" SOURCES OF WAGE STICKINESS 574 17-11 ASSESSMENT OF THE NEW
KEYNESIAN MODEL , 576 CHAPTER IS CONCLUSION: WHERE WE STAND 582 18-1 THE
EVOLUTION OF EVENTS AND IDEAS 582 18-2 THE REACTION OF IDEAS TO EVENTS,
1923-47 583 18-3 THE REACTION OF IDEAS'TO EVENTS, 1947-69 586 18-4 THE
REACTION OF IDEAS TO EVENTS, 1970-2007 590 18-5 THE REACTION OF IDEAS TO
EVENTS IN THE WORLD ECONOMY 597 18-6 MACRO MYSTERIES: UNSETTLED ISSUES
AND DEBATES 598 "*^M ' INTERNATIONAL PERSPECTIVE HOW DOES MACROECONOMICS
DIFFER IN THE UNITED STATES AND EUROPE? 600 APPENDIXES A TIME SERIES
DATA FOR THE U.S. ECONOMY: 1875-2007 B INTERNATIONAL ANNUAL TIME SERIES
DATA FOR SELECTED COUNTRIES: 1960-2008 C DATA SOURCES AND METHODS
GLOSSARY INDEX A-1 A-9 A-15 C-1 1-1 |
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 11. ed., internat. ed. |
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| id | DE-604.BV023402486 |
| illustrated | Illustrated |
| index_date | 2024-07-02T21:24:18Z |
| indexdate | 2024-07-09T21:17:49Z |
| institution | BVB |
| isbn | 9780321552075 0321552075 |
| language | English |
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| physical | Getr. Zählung Ill., graph. Darst. 26 cm |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Pearson/Addison-Wesley |
| record_format | marc |
| series2 | The Addison-Wesley series in economics Pearson international edition |
| spelling | Gordon, Robert J. 1940- Verfasser (DE-588)128405279 aut Macroeconomics Robert J. Gordon 11. ed., internat. ed. Boston ; Munich [u.a.] Pearson/Addison-Wesley 2009 Getr. Zählung Ill., graph. Darst. 26 cm txt rdacontent n rdamedia nc rdacarrier The Addison-Wesley series in economics Pearson international edition Includes bibliographical references and index Glossar enthalten / Glossary included - 52 Lehrbuch / Textbook - 28 Makroökonomik / Theorie Macroeconomics Makroökonomie (DE-588)4037174-8 gnd rswk-swf 1\p (DE-588)4151278-9 Einführung gnd-content 2\p (DE-588)4123623-3 Lehrbuch gnd-content Makroökonomie (DE-588)4037174-8 s DE-604 SWBplus Fremddatenuebernahme application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016585251&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Gordon, Robert J. 1940- Macroeconomics Glossar enthalten / Glossary included - 52 Lehrbuch / Textbook - 28 Makroökonomik / Theorie Macroeconomics Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4037174-8 (DE-588)4151278-9 (DE-588)4123623-3 |
| title | Macroeconomics |
| title_auth | Macroeconomics |
| title_exact_search | Macroeconomics |
| title_exact_search_txtP | Macroeconomics |
| title_full | Macroeconomics Robert J. Gordon |
| title_fullStr | Macroeconomics Robert J. Gordon |
| title_full_unstemmed | Macroeconomics Robert J. Gordon |
| title_short | Macroeconomics |
| title_sort | macroeconomics |
| topic | Glossar enthalten / Glossary included - 52 Lehrbuch / Textbook - 28 Makroökonomik / Theorie Macroeconomics Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Glossar enthalten / Glossary included - 52 Lehrbuch / Textbook - 28 Makroökonomik / Theorie Macroeconomics Makroökonomie Einführung Lehrbuch |
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