Verfügbarkeit: Macroeconomics

Macroeconomics:

Gespeichert in:

Bibliographische Detailangaben
Hauptverfasser:	Krugman, Paul R. 1953- (VerfasserIn), Wells, Robin 1959- (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	New York, NY Worth 2009
Ausgabe:	2. ed., 1. print.
Schlagworte:	Macroeconomics Macroeconomics / Study and teaching Makroökonomik Theorie Macroeconomics > Study and teaching Makroökonomie Volkswirtschaft Lehrbuch
Online-Zugang:	Inhaltsverzeichnis
Beschreibung:	Getr. Zählung Ill., graph. Darst., Kt.
ISBN:	0716771616 9780716771616

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MARC


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Datensatz im Suchindex

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adam_text	Preface ................................. хні Part 1 What Is Economics? introduction The Ordinary Business of Life ...................... ι Any Given Sunday 1 The Invisible Hand 2 My Benefit, Your Cost 3 Good Times, Bad Times 3 Onward and Upward 4 An Engine for Discovery 4 CHAPTER 1 First Principles .............5 Common Ground 5 Individual Choice: The Core of Economics 6 Resources Are Scarce б The Real Cost of Something Is What You Must Give Up to Get It 7 For inquiring Minds: Got a Penny? 8 How Much? Is a Decision at the Margin 8 People Usually Exploit Opportunities to Make Themselves Better Off 9 For Inquiring Minds: Pay for Grades? 10 Individual Choice: Summing It Up 10 ЕШШШСЅ.ШЖ1Ш: A Woman s Work 10 Interaction: How Economies Work 11 There Are Gains from Trade 12 Markets Move Toward Equilibrium 12 For Inquiring Minds: Choosing Sides 13 Resources Should Be Used as Efficiently as Possible to Achieve Society s Goals 14 Markets Usually Lead to Efficiency 15 When Markets Don t Achieve Efficiency, Government Intervention Can Improve Society s Welfare 15 ЕСОШМІ(£.МШ!Ш: ^storing Equilibrium on the Freeways 16 Economy-Wide Interactions 17 One Person s Spending Is Another Person s Income 17 Overall Spending Sometimes Gets Out of Line with the Economy s Productive Capacity 17 Government Policies Can Change Spending 18 EÇONOMICSMAÇTiQN: Adventures in Babysitting 18 A Look Ahead 19 » CHAPTER 2 Economic Models: Trade-offs and Trade .......23 Tunnel Vision 23 Models in Economics: Some Important Examples 24 For Inquiring Minds: Models for Money 24 Trade-offs: The Production Possibility Frontier 25 Comparative Advantage and Gains from Trade 30 Comparative Advantage and International Trade 33 Pitfalls: Misunderstanding Comparative Advantage 33 GLOBAL COMPARISON: Pajarna Republics 34 Transactions: The Circular-Flow Diagram 35 ЕС0№ШС.Ш.Ш.Ш: Rjcn Nation, Poor Nation 36 Using Models 37 Positive versus Normative Economics 37 When and Why Economists Disagree 38 For Inquiring Minds: When Economists Agree 39 ECONQMICSMMTiCN- Economists in Government 40 A Look Ahead 41 chapter 2 appendix Graphs in Economics ...........45 Getting the Picture 45 Graphs, Variables, and Economic Models 45 How Graphs Work 45 Two-Variable Graphs 45 Curves on a Graph 47 A Key Concept: The Slope of a Curve 48 The Slope of a Linear Curve 48 Horizontal and Vertical Curves and Their Slopes 49 The Slope of a Nonlinear Curve 50 Calculating the Slope Along a Nonlinear Curve 51 Maximum and Minimum Points 52 Calculating the Area Below or Above a Curve 53 Graphs That Depict Numerical Information 54 Types of Numerical Graphs 54 Problems in Interpreting Numerical Graphs 57 Part 2 Supply and Demand Supply and Demand .......61 Wake Up and Don t Smell the Coffee 61 Supply and Demand: A Model of a Competitive Market 62 The Demand Curve 62 ·» CHAPTER 3 The Demand Schedule and the Demand Curve 63 Shifts of the Demand Curve 64 GLOBAL COMPARISON; Pay More, Pump Less 64 Pitfalls: Demand versus Quantity Demanded 66 Understanding Shifts of the Demand Curve 66 EÇONQMíÇSMAÇTIQM: Beating the Traffic 70 The Supply Curve 71 The Supply Schedule and the Supply Curve 71 Shifts of the Supply Curve 72 Understanding Shifts of the Supply Curve 74 ШШШСЅШјШШ.· Only Creatures Small and Pampered 77 Supply, Demand, and Equilibrium 78 Pitfalls: Bought and Sold? 79 Finding the Equilibrium Price and Quality 79 Why Do All Sales and Purchases in a Market Take Place at the Same Price? 80 Why Does the Market Price Fall if It Is Above the Equilibrium Price? 80 Why Does the Market Price Rise if It Is Below the Equilibrium Price? 81 Using Equilibrium to Describe Markets 82 ЕССМОШСЅ.Ш.ШЈШ· The Price of Admission 82 Changes in Supply and Demand 83 What Happens When the Demand Curve Shifts 83 What Happens When the Supply Curve Shifts 84 Pitfalls: Which Curve Is It, Anyway? 85 Simultaneous Shifts of Supply and Demand Curves 85 For Inquiring Minds: Tribulations on the Runway 86 ECONOMICS ШЖИЯШ The Great Tortilla Crisis 87 Competitive Markets—And Others 88 A Look Ahead 88 » CHAPTER 4 I The Market Strikes Back .... Big City, Not-So-Bright Ideas 93 Why Governments Control Prices 94 Price Ceilings 94 Modeling a Price Ceiling 95 How a Price Ceiling Causes Inefficiency 96 For Inquiring Minds: Rent Control, Mumbai Style 99 So Why Are There Price Ceilings? 99 ЕСОНО.ШШШМЋШ} Hard Shopping in Caracas 100 Price Floors 101 For Inquiring Minds: Price Floors and School Lunches 103 How a Price Floor Causes Inefficiency 103 Pitfalls: Ceilings, Floors, and Quantities 103 So Why Are There Price Floors? 105 ;,L ow-ahson Check Out Our Low, Low Wages! 105 93 ШТШСШ.Ш.Ш: Black Labor in Southern Europe 106 Controlling Quantities 107 The Anatomy of Quantity Controls 108 The Cost of Quantity Controls 110 ЕШШШСЅ..ШАСТ.Ш: The Clams of New Jersey 111 A Look Ahead 112 QBQQZSEl International Trade .......117 A Seafood Fight 117 Comparative Advantage and International Trade 118 Production Possibilities and Comparative Advantage, Revisited 118 The Gains from International Trade 121 Comparative Advantage versus Absolute Advantage 122 GLOBAL COMPARISON: Productivity and Wages Around the World 124 Sources of Comparative Advantage 124 For inquiring Minds: Increasing Returns to Scale and International Trade 126 ЕШШШСЅ.Ж.Ш.Ш: Skill and Comparative Advantage 126 Supply, Demand, and International Trade 127 The Effects of Imports 128 The Effects of Exports 130 International Trade and Wages 131 ЕСОШШШШШ Ш- Trade, Wages, and Land Prices in the Nineteenth Century 133 The Effects of Trade Protection 133 The Effects of a Tariff 134 The Effects of an Import Quota 136 Ш9ШШСШШШ: Trade Protection in the United States 136 The Political Economy of Trade Protection 137 Arguments for Trade Protection 137 The Politics of Trade Protection 138 International Trade Agreements and the World Trade Organization 138 For Inquiring Minds: Chinese Pants Explosion 139 New Challenges to Globalization 140 ЕШШШШШЖШЊ The Doha Deadlock 141 A Look Ahead 142 chapter 5 appendix Consumerand Producer Surplus ...147 Consumer Surplus and the Demand Curve 147 VI » CHAPTER б Willingness to Pay and the Demand Curve 147 Willingness to Pay and Consumer Surplus 148 Producer Surplus and the Supply Curve 149 Cost and Producer Surplus 149 The Gains from Trade 151 Part 3 Introduction to Macroeconomics Macroeconomics: The Big Picture ...........153 Hoovervilles 153 The Nature of Macroeconomics 154 Macroeconomic Questions 154 Macroeconomics: The Whole Is Greater Than the Sum of Its Parts 155 Macroeconomics: Theory and Policy 155 ECONOMICS INACTION: whY George W. Bush Wasn t Herbert Hoover 156 The Business Cycle 157 Charting the Business Cycle 158 For Inquiring Minds: Defining Recessions and Expansions 160 The Pain of Recession 160 Taming the Business Cycle 161 GLOBAL COMPARISON; International Business Cycles 161 ECONOMICS IN АСІШ.: Comparing Recessions 162 Long-Run Economic Growth 162 For Inquiring Minds: When Did Long-Run Growth Start? 164 ECONOMICS IN ACTION: A Tale of Two Colonies 165 Inflation and Deflation 165 The Causes of Inflation and Deflation 166 The Pain of Inflation and Deflation 166 ECONOMICSJN AÇJIQN: A Fast (Food) Measure of Inflation 166 International Imbalances 167 ЕСОШШСЅ.Ш ACTION: Estonia s Miraculous Deficit 168 A Look Ahead 169 Tracking the Macroeconomy ........... 173 After the Revolution 173 The National Accounts 174 The Circular-FLow Diagram, Revisited and Expanded 174 Gross Domestic Product 177 Calculating GDP 178 » CHAPTER 7 For Inquiring Minds: Our Imputed Lives 179 Pitfalls: GDP: What s In and What s Out 180 For Inquiring Minds: Gross What? 182 What GDP Tells Us 182 ECONOMICS IN ACTION: Creating the National Accounts 183 Real GDP: A Measure of Aggregate Output 184 Calculating Real GDP 184 What Real GDP Doesn t Measure 185 GLOBAL COMPARISON; GDP and the Meaning of Life 186 ECONOMICS Ш ACTION: Miracle in Venezuela? 187 Price Indexes and the Aggregate Price Level 187 Market Baskets and Price Indexes 188 The Consumer Price Index 189 Other Price Measures 190 For Inquiring Minds: Is the CPI Biased? 191 ECONOMICŞJNACŢION: Indexing to the CPI 192 A Look Ahead 193 >·>· CHAPTER 8 Unemployment and Inflation ..............199 Defeated Incumbents 199 The Unemployment Rate 200 Defining and Measuring Unemployment 200 The Significance of the Unemployment Rate 201 Growth and Unemployment 203 EÇONOMI.ÇS.M ACTION: Rocky Mountain Low 205 The Natural Rate of Unemployment 206 Job Creation and űob Destruction 207 Frictional Unemployment 207 Structural Unemployment 208 The Natural Rate of Unemployment 210 GiOBAL comparison: Unemployment Around the OECD 211 Changes in the Natural Rate of Unemployment 212 For Inquiring Minds: An Unemployment Lockdown? 213 ĘCONOMJCSJN ACTION: Structural Unemployment in Eastern Germany 213 Inflation and Deflation 214 The Level of Prices Doesn t Matter ... 214 ... But the Rate of Change of Prices Does 215 Winners and Losers from Inflation 217 Inflation Is Easy; Disinflation Is Hard 218 ECQNQMICŞJN ACTION: Israel s Experience with inflation 219 A Look Ahead 220 Vil Part 4 Long-Run Economic Growth >> CHAPTER 9 Long-Run Economic Growth .........225 Tall Tales 225 Comparing Economies Across Time and Space 226 Real GDP per Capita 226 Pitfalls: Change in Leveb versus Rate of Change 228 Growth Rates 228 ЕСОтШСЅШ ACTION: India Takes Off 229 The Sources of Long-Run Growth 230 The Crucial Importance of Productivity 230 Explaining Growth in Productivity 231 Accounting for Growth: The Aggregate Production Function 231 For Inquiring Minds: The Wai-Mart Effect 233 Pitfalls: It May Be Diminished . . . But It s Stilt Positive 234 What About Natural Resources? 235 EÇgNOMKSJN^ACTION: The Information Technology Paradox 236 Why Growth Rates Differ 238 Capital, Technology, and Growth Differences 238 For Inquiring Minds: Inventing R&D 239 GLOBAL COMPARISON: Old Europe and New Technology 240 The Role of Government in Promoting Economic Growth 240 ĘCONOMICSMĄCTION: The Brazilian Breadbasket 242 Success, Disappointment, and Failure 242 East Asia s Miracle 243 Latin America s Disappointment 244 Africa s Troubles 244 EÇONOWÇSJN ACTION: Are Economies Converging? 245 Is World Growth Sustainable? 247 Natural Resources and Growth, Revisited 247 Economic Growth and the Environment 249 For Inquiring Minds: Coal Comfort on Resources 249 ЕСШШКШАПЈШ: The Cost of Climate Protection 251 A Look Ahead 252 CHAPTER 10 Savings, Investment Spending, and the Financial System ........257 A Hole in the Ground 257 Matching Up Savings and Investment Spending 258 Pitfalls: Investment versus Investment Spending 258 The Savings-Investment Spending Identity 258 Pitfalls: The Different Kinds of Capital 260 GLOBAL COMPARISON: America s Low Savings 261 For Inquiring Minds: Who Enforces the Accounting? 262 The Market for Loanable Funds 262 ECONOMICS Ш AÇTIQNj Fifty Years of U.S. Interest Rates 269 The Finandal System 270 Three Tasks of a Financial System 271 Types of Financial Assets 273 Financial Intermediaries 275 EÇONOmCSJNAÇW.H· Banks and the South Korean Miracle 277.................... Finandal Fluctuations 277 The Demand for Stocks and Other Assets 277 For Inquiring Minds: How Now, Dow Jones? 278 Asset Price Expectations 279 Asset Prices and Macroeconomics 280 ЕШШШСЅ.Ж.Ш.Ш.: Tne Great American Housing Bubble 281 A Look Ahead 282 Part 5 Short-Run Economic Fluctuations Income and Expenditure .............287 From Boom to Bust 287 The Multiplier: An Informal Introduction 288 ЕСОтШСЅШАСТШ- The Multiplier and the Great Depression 291 Consumer Spending 291 Current Disposable Income and Consumer Spending 292 Shifts of the Aggregate Consumption Function 295 ECONOMICS.!!)! ACTION: Famous First Forecasting Failures 296 Investment Spending 298 The Interest Rate and Investment Spending 298 Expected Future Real GDP, Production Capacity, and Investment Spending 299 Inventories and Unplanned Investment Spending 300 ECONOMICS..INACTION: Interest Rates and the Housing Boom 301 The Income-Expenditure Model 302 Planned Aggregate Spending and Real GDP 303 Income-Expenditure Equilibrium 304 The Multiplier Process and Inventory Adjustment 306 ECONOMICS INACTION: Inventories and the End of a Recession 309 A Look Ahead 310 CHAPTER 11 Vlil chapter 11 appendix Deriving the Multiplier Algebraically ......314 Part б Stabilization Policy » chapter 12 Aggregate Demand and Aggregate Supply ... 315 Shocks to the System 315 Aggregate Demand 316 Why is the Aggregate Demand Curve Downward Sloping? 317 The Aggregate Demand Curve and the Income- Expenditure Model 318 Shifts of the Aggregate Demand Curve 320 Pitfalls: Changes in Wealth: A Movement Along versus a Shift of the Aggregate Demand Curve 322 Government Policies and Aggregate Demand 322 ЕСОШШТШ.ШШ· Moving Along the Aggregate Demand Curve, 1979-1980 323 Aggregate Supply 324 The Short-Run Aggregate Supply Curve 324 For Inquiring Minds: What s Truly Flexible, What s Truly Sticky 326 Shifts of the Short-Run Aggregate Supply Curve 327 The Long-Run Aggregate Supply Curve 329 From the Short Run to the Long Run 331 Pitfalls: Are We There Yet? What the Long Run Really Means 332 ЕШШШТШЖТЈШ: Prices and Output During the Great Depression 333 The AD-AS Model 334 Short-Run Macroeconomic Equilibrium 334 Shifts of Aggregate Demand: Short-Run Effects 335 Shifts of the SRAS Curve 336 GLOBAL COMPARISON: The Supply Shock of 2007-2008 338 Long-Run Macroeconomic Equilibrium 338 For Inquiring Minds: Where s the Deflation? 340 ЕСОЫОШШ.Ш.ШШ· SuPPLy Shocks versus Demand Shocks in Practice 341 Macroeconomic Policy 343 For Inquiring Minds: Keynes and the Long Run 343 Policy in the Face of Demand Shocks 343 Responding to SuppLy Shocks 344 EÇONO.M.I.ÇSMACTION:Is Stabilization Policy Stabilizing? 345 A Look Ahead 346 » CHAPTER 13 Fiscal Policy .............351 Jumpstarting the Economy? 351 Fiscal Policy: The Basics 351 Taxes, Purchases of Goods and Services, Government Transfers, and Borrowing 353 The Government Budget and Total Spending 354 For Inquiring Minds: Investment Tax Credits 354 Expansionary and Contractionary Fiscal Policy 355 A Cautionary Note: Lags in Fiscal Policy 356 ЕШШШСЅ.ШЖТ.Ш: Expansionary Fiscal Policy in Japan 357 Fiscal Policy and the Multiplier 358 Multiplier Effects of an Increase in Government Purchases of Goods and Services 358 Multiplier Effects of Changes in Government Transfers and Taxes 359 How Taxes Affect the Multiplier 361 EÇONQMJ.ÇSM ACTION: About That Stimulus Package ... 362 The Budget Balance 363 The Budget Balance as a Measure of Fiscal Policy 363 The Business Cycle and the Cyclically Adjusted Budget Balance 364 Should the Budget Be Balanced? 366 ЕШШШ.С?МШ.Ш: Stability Pact—or Stupidity Pad? 367 Long-Run Implications of Fiscal Policy 368 Deficits, Surpluses, and Debt 368 Pitfalls: Deficits versus Debt 368 Problems Posed by Rising Government Debt 368 GLOBAL COMPARISON: The American Way of Debt 369 Deficits and Debt in Practice 370 For Inquiring Minds: What Happened to the Debt from World War II? 371 Implicit Liabilities 372 ЕСдШШШШ.ШШ. Argentina s Creditors Take a Haircut 373 A Look Ahead 375 chapter 13 appendix Taxes and the Multiplier .........379 IX » CHAPTER 14 Money, Banking, and the Federal Reserve System .................381 Funny Money 381 The Meaning of Money 382 What Is Money? 382 Roles of Money 383 GLOBAL COMPARISON: The Big Moneys 384 Types of Money 384 Measuring the Money Supply 385 Pitfalls: What s Not in the Money Supply 385 For Inquiring Minds: What s with All the Currency? 386 ЕШНОШ.СЅ.ШЖТ.Ш.: The History of the Dollar 387 The Monetary Role of Banks 388 What Banks Do 388 The Problem of Bank Runs 389 Bank Regulation 390 £СОШШС$.ЖЖЈ!Ш: It s a Wonderful Banking System 391 Determining the Money Supply 392 How Banks Create Money 392 Reserves, Bank Deposits, and the Money Multiplier 393 The Money Multiplier in Reality 394 ЕСОШШСЅ.ЖШ.Ш: Multiplying Money Down 395 The Federal Reserve System 396 The Structure of the Fed 396 What the Fed Does: Reserve Requirements and the Discount Rate 397 Open-Market Operations 398 For Inquiring Minds: Who Gets the Interest on the Fed s Assets? 400 The European Central Bank 400 ШШШ.СШЖШЊ The Fed s Balance Sheet, Normal and Abnormal 401 An Overview of the Twenty-First Century American Banking System 402 Crisis in American Banking at the Turn of the Twentieth Century 403 Responding to Banking Crises: The Creation of the Federal Reserve 404 The Savings and Loan Crisis of the 1980s 405 Back to the Future: The Financial Crisis of 2008 406 ЕСОШШШШЖЛШ- The 2008 Crisis and the Fed 408 A Look Ahead 409 CHAPTER 15 Monetary Policy The Fed Is Asleep! 415 The Demand for Money 416 .415 The Opportunity Cost of Holding Money 416 For Inquiring Minds: Fear and Interest Rates 417 The Money Demand Curve 418 Shifts of the Money Demand Curve 419 EÇONOMIÇSINACTION: A Yen for Cash 420 Money and Interest Rates 421 The Equilibrium Interest Rate 421 Two Models of Interest Rates? 423 Pitfalls: The Target versus the Market 423 Monetary Policy and the Interest Rate 423 For Inquiring Minds: Long-Term Interest Rates 424 EÇONOMI.ÇSMACTION: The Fed Reverses Course 425 Monetary Policy and Aggregate Demand 426 Expansionary and Contractionary Monetary Policy 426 Monetary Policy, Income, and Expenditure 427 Monetary Policy in Practice 428 Inflation Targeting 429 GLOBAL COMPARISON: Inflation Targets 430 ECONQMICSMACTION: What the Fed Wants, the Fed Gets 430 Money, Output, and Prices in the Long Run 431 Short-Run and Long-Run Effects of an Increase in the Money Supply 432 Monetary Neutrality 433 The Interest Rate in the Long Run 433 EÇONQMÇS.W.MW.H· International Evidence of Monetary Neutrality 434 A Look Ahead 435 chapter 15 appendix Reconciling the Two Models of the Interest Rate ......439 Interest Rates in the Short Run 439 The Interest Rate in the Long Run 440 Inflation, Disinflation, and Deflation ...........443 Bringing a Suitcase to the Bank 443 Money and Inflation 444 The Classical Model of Money and Prices 444 The Inflation Tax 446 For Inquiring Minds: Indexing to Inflation 447 The Logic of Hyperinflation 448 fÇO/VOM/CSW^Cr/Oft Zimbabwe s Inflation 450 Moderate Inflation and Disinflation 451 The Output Gap and the Unemployment Rate 451 For Inquiring Minds: Okun s Law 453 » CHAPTER 16 » CHAPTER 17 The Short-Run Phillips Curve 453 For Inquiring Minds: The Aggregate Supply Curve and the Short-Run Phillips Curve 455 Inflation Expectations and the Short-Run Phillips Curve 456 ECONOMICS.. ШЖТ.Ш: From the Scary Seventies to the Nifty Nineties 457 Inflation and Unemployment in the Long Run 458 The Long-Run Phillips Curve 459 The Natural Rate of Unemployment, Revisited 460 The Costs of Disinflation 460 GLOBAL COMPARISON: Disinflation Around the World 461 EÇONQmÇSJN ACTION; The Great Disinflation of the 1980s 461 Deflation 463 Debt Deflation 463 Effects of Expected Deflation 463 ĘCONOMICSJN ACTION: Turning Unconventional 465 A Look Ahead 466 Part 7 Events and Ideas Macroeconomics: Events and Ideas ........469 All Available Tools 469 Classical Macroeconomics 470 Money and the Price Level 470 The Business Cycle 472 ECQMQM CŞ.. Ш. MEQN: When Did the Business Cycle Begin? 471 The Great Depression and the Keynesian Revolution 472 Keynes s Theory 472 For Inquiring Minds: The Politics ofKeynes 474 Policy to Fight Recessions 474 ECONOMICS IN ACTION: The End of the Great Depression 475........................ Challenges to Keynesian Economics 476 The Revival of Monetary Policy 476 Monetarism 477 Inflation and the Natural Rate of Unemployment 479 The Political Business Cycle 480 ECONOMICS Ш.Ш.Ш.: The Fed s Flirtation with Monetarism 480 Rational Expectations, Real Business Cycles, and New Classical Macroeconomics 481 Rational Expectations 481 Real Business Cycles 482 For Inquiring Minds: Supply-Side Economics 483 ECONOMICS ШАСТШ: Total Factor Productivity and the Business Cycle 483 The Modern Consensus 484 Is Expansionary Monetary Policy Helpful in Fighting Recessions? 484 Is Expansionary Fiscal Policy Effective in Fighting Recessions? 485 Can Monetary and/or Fiscal PoLicy Reduce Unemployment in the Long Run? 485 Should Fiscal Policy Be Used in a Discretionary Way? 486 Should Monetary Policy Be Used in a Discretionary Way? 486 The Clean Little Secret of Macroeconomics 488 ECONOMICS.. НУЖНОМ- After the Bubble 488 A Look Ahead 489 Part 8 The Open Economy Open-Economy Macroeconomics ........493 Happy Tourists, Sad Tourists 493 Capital Flows and the Balance of Payments 494 Balance of Payments Accounts 494 For Inquiring Minds: GDP, GNP, and the Current Account 498 Modeling the Financial Account 498 Global comparison: Current Account Surpluses and Deficit 499 Underlying Determinants of International Capital Flows 502 For inquiring Minds: A Global Savings Glut? 502 Two-Way Capital Flows 503 ЕСОШШШШЖЈЈШ- The Golden A9e of Capital Flows 503 The Role of the Exchange Rate 504 Understanding Exchange Rates 504 Pitfalls: Which Way Is Up? 505 The Equilibrium Exchange Rate 505 Inflation and Real Exchange Rates 508 Purchasing Power Parity 510 For Inquiring Minds: Burgernomics 510 ECONOMICS Ш ACTION: Low-Cost America 511 Exchange Rate Policy 512 Exchange Rate Regimes 513 How Can an Exchange Rate Be Held Fixed? 513 The Exchange Rate Regime Dilemma 515 For inquiring Minds: From Bretton Woods to the Euro 516 ECONOMICS IN^ACnON: The Joy of a Devalued Pound 520 ECONOMICS IN ACTION: China Pegs the Yuan 516 „ , . „„, ,„ ■ ■■■■■ ............. ľ ............ j .. . _ .. _._ Solutions to Check Your Exchange Rates and Macroecononnc Policy 517 Understanding Questions S-i Devaluation and Revaluation of Fixed Exchange _. Rates 517 Glossary G-i Monetary Policy Under Floating Exchange Rates 518 Index 1-1 International Business Cycles 519 ХП
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illustrated	Illustrated
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institution	BVB
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language	English
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spelling	Krugman, Paul R. 1953- Verfasser (DE-588)121368033 aut Macroeconomics Paul Krugman ; Robin Wells 2. ed., 1. print. New York, NY Worth 2009 Getr. Zählung Ill., graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Macroeconomics Macroeconomics / Study and teaching Makroökonomik stw Theorie stw Macroeconomics Study and teaching Makroökonomie (DE-588)4037174-8 gnd rswk-swf Volkswirtschaft (DE-588)4063885-6 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Volkswirtschaft (DE-588)4063885-6 s Makroökonomie (DE-588)4037174-8 s 2\p DE-604 Wells, Robin 1959- Verfasser (DE-588)131677853 aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017633698&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	Krugman, Paul R. 1953- Wells, Robin 1959- Macroeconomics Macroeconomics Macroeconomics / Study and teaching Makroökonomik stw Theorie stw Macroeconomics Study and teaching Makroökonomie (DE-588)4037174-8 gnd Volkswirtschaft (DE-588)4063885-6 gnd
subject_GND	(DE-588)4037174-8 (DE-588)4063885-6 (DE-588)4123623-3
title	Macroeconomics
title_auth	Macroeconomics
title_exact_search	Macroeconomics
title_full	Macroeconomics Paul Krugman ; Robin Wells
title_fullStr	Macroeconomics Paul Krugman ; Robin Wells
title_full_unstemmed	Macroeconomics Paul Krugman ; Robin Wells
title_short	Macroeconomics
title_sort	macroeconomics
topic	Macroeconomics Macroeconomics / Study and teaching Makroökonomik stw Theorie stw Macroeconomics Study and teaching Makroökonomie (DE-588)4037174-8 gnd Volkswirtschaft (DE-588)4063885-6 gnd
topic_facet	Macroeconomics Macroeconomics / Study and teaching Makroökonomik Theorie Macroeconomics Study and teaching Makroökonomie Volkswirtschaft Lehrbuch
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017633698&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT krugmanpaulr macroeconomics AT wellsrobin macroeconomics

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