Macroeconomics:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Worth
2013
|
| Ausgabe: | 3. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXXII, 632 S. Ill., graph. Darst., Kt. |
| ISBN: | 1429283432 9781429283434 |
Internformat
MARC
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| 245 | 1 | 0 | |a Macroeconomics |c Paul Krugman ; Robin Wells |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a New York, NY |b Worth |c 2013 | |
| 300 | |a XXXII, 632 S. |b Ill., graph. Darst., Kt. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 0 | |a Macroeconomics | |
| 650 | 0 | |a Macroeconomics / Study and teaching | |
| 650 | 7 | |a Makroökonomik |2 stw | |
| 650 | 7 | |a Theorie |2 stw | |
| 650 | 4 | |a Macroeconomics | |
| 650 | 4 | |a Macroeconomics |x Study and teaching | |
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Datensatz im Suchindex
| _version_ | 1804149408870170626 |
|---|---|
| adam_text | CONTENTS
Pre/ace
xvi
part
1
What is Economics?
► introduction The Ordinary
Business of Life
.............л
ANY GIVEN SUNDAY
1
The Invisible Hand
2
Μγ
Benefit, Your Cost
з
Good Times, Bad Times
з
Onward and Upward
4
In Engine for Discovery
4
►
chapter
1
First Principles
....................
s
COMMON GROUND
5
Principles That Underlie Individual Choice:
The Core of Economics
6
Principle
#1:
Choices are necessary because resources
are scarce
6
Principle
#2:
The true cost of something is its
opportunity cost
7
Principle
#3:
How much is a decision at the margin
8
Principle
#4:
People usually respond to incentives,
exploiting opportunities to make themselves better off
9
FOR INQUIRING MINDS: Cashing in at School
10
ECONOMICS >INACTION Boy or Girl? It Depends
on the Cost
10
Interaction: How Economies Work
η
Principle
#5:
There are gains from trade
12
Principle
#6:
Markets move toward equilibrium
13
FOR inquiring MINDS: Choosing Sides
14
Principle
#7:
Resources should be used efficiently to
achieve society s goals
14
Principle
#8:
Markets usually lead to efficiency
15
Principle
#9:
When markets don t achieve efficiency,
government intervention can improve society s
welfare
16
ECONOMICS >IN ACTION Restoring Equilibrium on the
Freeways
17
Economy-Wide Interactions
18
Principle
#10:
One person s spending is another
person s income
18
Principle
#11:
Overall spending sometimes gets out of
line with the economy s productive capacity
18
Principle
#12:
Government policies can change
spending
19
ECONOMICS
>
IN ACTION Adventures in Babysitting
19
BUS rf Is
*
How Priceline.com Revolutionized the Travel
CASE
*
Industry
21
► chapter
2
Economic Models:
Trade-of/s and Trade...
25
FROM KITTY HAWK TO DREAMUNER
25
Models in Economics: Some Important
Examples
26
FOR INQUIRING MINDS: The Model That Ate the Economy
27
Trade-offs: The production possibility frontier
27
Comparative advantage and gains from trade
33
Comparative advantage and international trade, in
reality
36
global comparison:
Pajarna
Republics
37
Transactions: The circular-flow diagram
37
ECONOMICS >INACTION Rich Nation, Poor Nation
39
Using Models
40
Positive versus normative economics
40
When and why economists disagree
41
FOR INQUIRING MINDS: When Economists Agree
42
ECONOMICS >INACTION Economists, Beyond the Ivory
Tower
42
BUSINESS
·
Efficiency, Opportunity Costs, and the Logic
of Lean Production at Boeing
44
CASE
·
CHAPTER
2
APPENDIX
GľapliS
ІП
Economics.
.......49
Getting the Picture
49
Graphs, Variables, and Economic Models
49
How Graphs Work
49
Two-variable graphs
49
Curves on a graph
51
A Key Concept: The Slope of a Curve
52
The slope of a linear curve
52
Horizontal and vertical curves and their slopes
53
The slope of a nonlinear curve
54
Calculating the slope along a nonlinear curve
54
Maximum and minimum points
57
Calculating the Area Below or Above a Curve
57
Graphs That Depict Numerical Information
58
Types of numerical graphs
59
Problems in interpreting numerical graphs
60
part
2
Supply and Demand
► chapter
3
Supply and Demand
es
BLUE JEAN BLUES
65
Supply and Demand: A Model of a Competitive
Market
66
X
CONTENTS
The Demand Curve
66
The demand schedule and the demand curve
67
global COMPARISON: Pay More, Pump Less
68
Shifts of the demand curve
68
Understanding shifts of the demand curve
70
ECONOMICS >INACTION Beating the Traffic
74
The Supply Curve
76
The supply schedule and the supply curve
76
Shifts of the supply curve
77
Understanding shifts of the supply curve
78
ECONOMICS >INACTION Only Creatures Small and
Pampered
81
Supply, Demand, and Equilibrium
83
Finding the equilibrium price and quantity
84
Why do all sales and purchases in a market take place
at the same price?
85
Why does the market price fall if it is above the
equilibrium price?
85
Why does the market price rise if it is below the
equilibrium price?
86
Using equilibrium to describe markets
86
ECONOMICS >IN ACTION The Price of Admission
87
Changes in Supply and Demand
88
What happens when the demand curve shifts
88
What happens when the supply curve shifts
89
Simultaneous shifts of supply and demand curves
90
FOR INQUIRING MINDS: Tribulations on the Runway
92
ECONOMICS
>
IN ACTION The Rice Run of
2008 92
Competitive markets
—
and others
94
BUSINESS
·
The Chicago Board of Trade
95
CASE
·
►
CHAPTER
4
Price Controls and
Quotas: Meddling
with Markets......
..............
ιοί
BIG CITY, NOT-SO-BRIGHT IDEAS
101
Why Governments Control Prices
102
Price Ceilings
102
Modeling a price ceiling
103
How a price ceiling causes inefficiency
104
FOR INQUIRING MINDS: Rent Control, Mumbai Style
107
So why are there price ceilings?
107
ECONOMICS >INACTION Hunger and Price Controls in
Venezuela
108
Price Floors
1О9
How a price floor causes inefficiency 111
So why are there price floors?
113
GLOBAL COMPARISON: Check Out Our Low, Low Wages!
113
ECONOMICS >IN ACTION Black Labor in Southern
Europe
114
Controlling Quantities
115
The anatomy of quantity controls
116
The costs of quantity controls
118
ECONOMICS
>
IN ACTION The Clams of Jersey Shore
120
BUSINESS
·
Medallion Financial: Cruising Right
CASE·
Along
121
►
chapter
5
International Trade.
.....127
CAR PARTS AND SUCKING SOUNDS
127
Comparative Advantage and International
Trade
128
Production possibilities and comparative advantage,
revisited
129
The gains from international trade
131
Comparative advantage versus absolute advantage
132
global comparison: Productivity and Wages Around the
World
133
Sources of comparative advantage
134
FOR INQUIRING MINDS: Increasing Returns to Scale and
International Trade
136
ECONOMICS >INACTION Skill and Comparative
Advantage
136
Supply, Demand, and International Trade
137
The effects of imports
138
The effects of exports
140
International trade and wages
142
ECONOMICS >INACTION Trade, Wages, and Land Prices in
the Nineteenth Century
143
The Effects of Trade Protection
144
The effects of a tariff
144
The effects of an import quota
146
ECONOMICS >IN ACTION Trade Protection in the United
States
147
The Political Economy of Trade Protection
148
Arguments for trade protection
148
The politics of trade protection
149
International trade agreements and the World Trade
Organization
149
for INQUIRING MINDS: Tires Under Pressure
151
New challenges to globalization
151
ECONOMICS >INACTION Beefing Up Exports
152
BUSINESS
·
Li
&
Fung: From Guangzhou to You
154
CHAPTER
5
APPENDIX
СОПЅиГПеГ
Producer Surplus.
...159
Consumer Surplus and the Demand Curve
159
Willingness to pay and the demand curve
159
Willingness to pay and consumer surplus
16О
CONTENTS
xi
producer
Surplus
and the Supply Curve
iei
Cost and producer surplus
161
The Gains
/rom
Trade
163
part
3
Introduction to
Macroeconomics
► chapter
6
Macroeconomics:
The Big Picture
...........
.....íes
HOOVERVILLES
165
The Nature of Macroeconomics
166
Macroeconomic questions
166
Macroeconomics: the whole is greater than the sum of
its parts
166
Macroeconomics: theory and policy
167
ECONOMICS
>
IN ACTION Feeding Off Depression
168
The Business Cycle
169
Charting the business cycle
170
The pain of recession
171
for inquiring MINOS: Defining Recessions and
Expansions
172
Taming the business cycle
173
GLOBAL COMPARISON.· International Business Cycles
173
ECONOMICS >IN ACTION Comparing Recessions
174
Long-Run Economic Growth
174
FOR INQUIRING MINDS: When Did Long-Run Growth Start?
176
ECONOMICS >IN ACTION A Tale of Two Countries
176
Inflation and Deflation
177
The causes of inflation and deflation
178
The pain of inflation and deflation
178
ECONOMICS >/N
ACľ/CW
A Fast (Food) Measure of
Inflation
179
International Imbalances
179
ECONOMICS
>-
IN ACTION Baltic Balancing Act
180
BUSIrfll
*
Wnaťs Good
for America is Good for
CASE
*
General Motors
182
► chapter
7
GOP and
CPI:
Tracking the
Macroeconomy
................187
THE NEW
#2 187
The National Accounts
188
The circular-flow diagram, revisited and expanded
188
Gross domestic product
191
Calculating GDP
192
FOR inquiring MINDS: Our Imputed Lives
193
FOR INQUIRING MINDS: Gross What?
196
What GDP tells us
196
ECONOMICS
>
IN ACTION Creating the National Accounts
197
Real GOP: A Measure of Aggregate Output
198
Calculating real GDP
198
What real GDP doesn t measure
199
GLOBAL COMPARISON: GDP and the Meaning of Life
200
ECONOMICS >INACTION Miracle in Venezuela?
201
Price Indexes and the Aggregate Price Level
202
Market baskets and price indexes
202
The consumer price index
203
Other price measures
204
ECONOMICS >INACTION Indexing to the
CPI
205
BUSINESS
·
Getting a Jump on GDP
207
CASE
.
s K
►
chapter
8
Unemployment
and Inflation
.............213
A VERY BRITISH DILEMMA
213
The Unemployment Rate
214
Defining and measuring unemployment
214
The significance of the unemployment rate
215
Growth and unemployment
217
ECONOMICS >INACTION Failure to Launch
219
The Natural Rate of Unemployment
220
Job creation and job destruction
220
Frictional unemployment
221
Structural unemployment
222
The natural rate of unemployment
225
GLOBAL COMPARISON: Unemployment Around the
OECD
225
Changes in the natural rate of unemployment
226
ECONOMICS >IN ACTION Structural Unemployment in East
Germany
227
Inflation and Deflation
228
The level of prices doesn t matter
.. . 228
. ..
But the rate of change of prices does
229
Winners and losers from inflation
232
Inflation is easy; disinflation is hard
233
ECONOMICS >IN ACTION Israel s Experience with Inflation
234
BUSINESS
·
A Monster Slump
235
CASE
·
K
part
4
Long-Run Economic Growth
►
chapter
9
Long-Run
Economic Growth
......241
TALL TALES
241
Comparing Economies Across Time and Space
242
Real GDP per capita
242
Growth rates
244
ECONOMICS >IN ACTION India Takes Off
245
XU CONTENTS
The Sources of Long-Run Growth
246
The crucial importance of productivity
246
Explaining growth in productivity
247
Accounting for growth: The aggregate production
function
248
What about natural resources?
251
ECONOMICS
>
IN ACTION The Information Technology
Paradox
252
Why Growth Rates Differ
253
Explaining differences in growth rates
254
FOR INQUIRING MINDS: Inventing R&D
255
The role of government in promoting economic growth
256
GLOBAL COMPARISON: Old Europe and New Technology
256
FOR INQUIRING MINDS: The New Growth Theory
258
ECONOMICS >IN ACTION The Brazilian Breadbasket
258
Success, Disappointment, and Failure
259
East Asia s miracle
260
Latin America s disappointment
261
Africa s troubles and promise
261
ECONOMICS >IN ACTION Are Economies Converging?
262
Is World Growth Sustainable?
264
Natural resources and growth, revisited
264
Economic growth and the environment
266
ECONOMICS >IN ACTION The Cost of Climate Protection
268
BUSINESS* Big Box Boom
269
CASE
·
► chapter
10
Savings, Investment
Spending, and the
Financial System..
....... 275
FUNDS FOR FACEBOOK
275
Matching Up Savings and Investment
Spending
276
The savings-investment spending identity
276
GLOBAL COMPARISON: America s Low Savings
280
FOR INQUIRING MINDS: Who Enforces the Accounting?
280
The market for loanable funds
281
FOR INQUIRING MINDS: Using Present Value
282
ECONOMICS >INACTION Fifty Years of U.S. Interest
Rates
289
The Financial System
291
Three tasks of a financial system
291
Types of financial assets
293
Financial intermediaries
295
ECONOMICS >INACTION Banks and the South Korean
Miracle
297
Financial Fluctuations
298
The demand for stocks
298
FOR INQUIRING MINDS: How Now, Dow Jones?
298
The demand for other assets
299
Asset price expectations
300
FOR INQUIRING MINDS: Behavioral Finance
301
Asset prices and macroeconomics
302
ECONOMICS >IN ACTION The Great American Housing
Bubble
302
chapter
io
appendix Toward a Fuller
Understanding of
Present Value
.........
зов
How to Calculate the Present Value of One-Year
Projects
308
How to Calculate the Present Value of Multiyear
Projects
308
How to Calculate the Present Value of Projects with
Revenues and Costs
309
part
5
Short-Run Economic
Fluctuations
► chapter
11
Income and
Expenditure...
............
...ЗП
FROM BOOM TO BUST
311
The Multiplier: An Informal Introduction
312
ECONOMICS >INACTION The Multiplier and the Great
Depression
314
Consumer Spending
315
Current disposable income and consumer spending
315
Shifts of the aggregate consumption function
318
ECONOMICS >INACTION Famous First Forecasting
Failures
320
Investment Spending
321
The interest rate and investment spending
322
Expected future real GDP, production capacity, and
investment spending
323
Inventories and unplanned investment spending
324
ECONOMICS >INACTION Interest Rates and the U.S.
Housing Boom
325
The Income-Expenditure Model
326
Planned aggregate spending and real GDP
327
Income-expenditure equilibrium
328
The multiplier process and inventory adjustment
331
ECONOMICS >IN ACTION Inventories and the End of a
Recession
334
BUSINESS
·
Making it Through in Muskegon
335
CASE
·
chapter
n
appendix Deriving the Multiplier
Algebraically
............
ззэ
►
chapter
12
Aggregate Demand and
Aggregate Supply
........341
SHOCKS TO THE SYSTEM
341
CONTENTS
xiii
Aggregate
Demand
342
Why ¡s the aggregate demand curve downward
sloping?
343
The aggregate demand curve and the income-
expenditure model
344
Shifts of the aggregate demand curve
346
Government policies and aggregate demand
348
ECONOMICS >IN ACTION Moving Along the Aggregate
Demand Curve,
1979-1980 349
Aggregate Supply
350
The short-run aggregate supply curve
350
FOR INQUIRING MINDS: What s Truly Flexible, What s Truly
Sticky
353
Shifts of the short-run aggregate supply curve
353
The long-run aggregate supply curve
356
From the short run to the long run
358
ECONOMICS >IN ACTION Prices and Output During the Great
Depression
359
The
АО
-AS
Model
360
Short-run macroeconomic equilibrium
360
Shifts of aggregate demand: Short-run effects
361
Shifts of the SRAS curve
362
GLOBAL COMPARISON: Supply Shocks of Twenty-first
Century
364
Long-run macroeconomic equilibrium
364
FOR INQUIRING MINDS: Where s the Deflation?
366
ECONOMICS >INACTION Supply Shocks versus Demand
Shocks in Practice
367
Macroeconomic Policy
368
FOR INQUIRING MINDS: Keynes and the Long Run
369
Policy in the face of demand shocks
369
Responding to supply shocks
370
ECONOMICS >IN ACTION Is Stabilization Policy Stabilizing?
371
business
·
United in Pain
372
CASE
·
parto
Stabilization Policy
► chaptsr
13
Fiscal Policy
.................. 377
TO STIMULATE OR NOT TO STIMULATE?
377
Fiscal Policy: The Basics
378
Taxes, purchases of goods and services, government
transfers, and borrowing
378
The government budget and total spending
380
Expansionary and contractionary fiscal policy
380
Can expansionary fiscal policy actually work?
382
A cautionary note: lags in fiscal policy
383
ECONOMICS >IN ACTION What Was in the Recovery Act?
384
Fiscal Policy and the Multiplier
385
Multiplier effects of an increase in government
purchases of goods and services
385
Multiplier effects of changes in government transfers
and taxes
386
How taxes affect the multiplier
387
ECONOMICS >INACTION Multipliers and the
Obama
Stimulus
388
The Budget Balance
389
The budget balance as a measure of fiscal policy
390
The business cycle and the cyclically adjusted budget
balance
390
Should the budget be balanced?
393
ECONOMICS >INACTION Europe s Search for a Fiscal
Rule
393
Long-Run Implications of Fiscal Policy
394
Deficits, surpluses, and debt
395
GLOBAL COMPARISON: The American Way of Debt
396
Problems posed by rising government debt
397
Deficits and debt in practice
398
FOR INQUIRING MINDS: What Happened to the Debt from
World War II?
399
Implicit liabilities
399
ECONOMICS >IN ACTION Austerity Dilemmas
401
BUSINESS* Priming the Pumps
403
CASE
.
a K
CHAPTER
13
APPENDIX
ТЅХвЅ
the Multiplier...
...408
►
chapter
14
Money, Banking,
and the Federal
Reserve System
......
4П
FUNNY MONEY
411
The Meaning of Money
412
What is money?
412
Roles of money
413
GLOBAL COMPARISON: The Big Moneys
413
Types of money
414
Measuring the money supply
415
FOR INQUIRING MINDS: What s with All the Currency?
416
ECONOMICS >IN ACTION The History of the Dollar
417
The Monetary Role of Banks
418
What banks do
418
The problem of bank runs
419
Bank regulation
420
ECONOMICS >INACTION It s a Wonderful Banking System
421
Determining the Money Supply
422
How banks create money
422
Reserves, bank deposits, and the money multiplier
424
The money multiplier in reality
425
ECONOMICS >INACTION Multiplying Money Down
426
The Federal Reserve System
427
The structure of the fed
427
XÎV
CONTENTS
What the fed does: Reserve requirements and the
discount rate
428
Open-market operations
429
FOR INQUIRING MINDS: Who Gets the Interest on the Fed s
Assets?
431
The European central bank
431
ECONOMICS >IN ACTION The Fed s Balance Sheet, Normal
and Abnormal
432
The Evolution of the American Banking
System
433
The crisis in American banking in the early twentieth
century
434
Responding to banking crises: The creation of the
Federal Reserve
435
The savings and loan crisis of the
1980s 436
Back to the future: The financial crisis of
2008 437
ECONOMICS >IN ACTION Regulation after the
2008
Crisis
440
BUSINESS
·
The Perfect Gift: Cash or Gift Card?
441
CASE
·
► CHAPTSR
15
Monetary Policy.
.........447
PERSON OF THE YEAR
447
The Demand for Money
448
The opportunity cost of holding money
448
The money demand curve
450
Shifts of the money demand curve
45O
ECONOMICS >IN ACTION A Yen for Cash
452
Money and Interest Rates
453
The equilibrium interest rate
453
Two models of interest rates?
454
Monetary policy and the interest rate
455
Long-term interest rates
456
ECONOMICS
>
IN ACTION The Fed Reverses Course
457
Monetary Policy and Aggregate Demand
458
Expansionary and contractionary monetary policy
458
Monetary policy in practice
459
The Taylor Rule Method of setting monetary policy
459
Inflation targeting
460
global comparison: Inflation Targets
461
The zero lower bound problem
462
ECONOMICS >IN ACTION What the Fed Wants, the Fed
Gets
462
Money, Output, and Prices in the Long Run
463
Short-run and long-run effects of an increase in the
money supply
464
Monetary neutrality
465
Changes in the money supply and the interest rate in the
long run
465
ECONOMICS >INACTION International Evidence of Monetary
Neutrality
466
BUSINESS
·
PlMCO Bets Cheap Money
468
CASE
*
CHAPTER
15
APPENDIX
ReCOnCÍlíflg
ТПЄ
Two Models of
the Interest Rate
... 472
Interest Rates in the Short Run
472
The Interest rate in the Long Run
473
►
chapter
16
Inflation, Disinflation,
and Deflation
................ 475
BRINGING A SUITCASE TO THE BANK
475
Money and Inflation
476
The classical model of money and prices
476
The inflation tax
478
The logic of hyperinflation
479
ECONOMICS
>
IN ACTION Zimbabwe s Inflation
481
Moderate Inflation and Disinflation
481
The output gap and the unemployment rate
482
FOR INQUIRING MINDS: Okun s Law
484
The short-run Phillips curve
484
FOR INQUIRING MINDS: The Aggregate Supply Curve and
the Short-Run Phillips Curve
486
Inflation expectations and the short-run Phillips curve
487
ECONOMICS
>
IN ACTION From the Scary Seventies to the
Nifty Nineties
489
Inflation and Unemployment in the Long Run
489
The long-run Phillips curve
490
The natural rate of unemployment, revisited
491
The costs of disinflation
491
GLOBAL COMPARISON: Disinflation around the World
492
ECONOMICS >IN ACTION The Great Disinflation of the
1980s 492
Deflation
494
Debt deflation
494
Effects of expected deflation
494
ECONOMICS
>
IN ACTION The Deflation Scare of
2010 496
BUSINESS
·
Licenses to Print Money
497
CASE
·
►
chapter
17
Crises and
Consequences.........
.......501
FROM PURVEYOR OF DRY GOODS TO DESTROYER OF
WORLDS
501
Banking: Benefits and Dangers
502
The trade-off between rate of return and liquidity
503
The purpose of banking
503
Bank runs redux
504
ECONOMICS
>
IN ACTION Bad Day at Northern Rock
505
Banking Crises and Financial Panics
506
The logic of banking crises
506
Historical banking crises: The age of panics
507
Modern banking crises
508
ECONOMICS ^INACTION Erin Go Broke
509
CONTENTS
XV
The Consequences of Banking Crises
510
Banking crises, recessions, and recovery
510
Why are banking-crisis recessions so bad?
511
Governments step in
513
ECONOMICS >INACTION Banks and the Great Depression
514
The
2008
Crisis and its Aftermath
515
Severe crisis, slow recovery
515
Aftershocks in Europe
517
The stimulus-austerity debate
518
The lesson of the post-crisis slump
519
ECONOMICS >IN ACTION Austerity Britain
519
Regulation in the Wake of the Crisis
519
ECONOMICS >INACTION Bent Breaks the Buck
521
part
7
Events and Ideas
► chapter
18
Macroeconomics:
Events and Ideas.
......525
A TALE OF TWO SLUMPS
525
Classical Macroeconomics
526
Money and the price level
526
The business cycle
526
ECONOMICS >IN ACTION When Did the Business Cycle
Begin?
526
The Great Depression and the Keynesian
Revolution
527
Keynes s theory
528
FOR INQUIRING MINDS: The Politics of Keynes
529
Policy to fight recessions
530
ECONOMICS >IN ACTION The End of the Great
Depression
530
Challenges to Keynesian Economics
531
The revival of monetary policy
531
Monetarism
532
Inflation and the natural rate of unemployment
534
The political business cycle
535
ECONOMICS >IN ACTION The
Feďs
Flirtation with
Monetarism
536
Rational Expectations, Real Business Cycles,
and New Classical Macroeconomics
536
Rational expectations
537
Real business cycles
538
FOR inquiring MINDS: Supply-Side Economics
538
ECONOMICS
>
IN ACTION Total Factor Productivity and the
Business Cycle
539
Consensus and Conflict in Modern
Macroeconomics
540
Question
1:
Is expansionary monetary policy helpful in
fighting recessions?
540
Question
2:
Is expansionary fiscal policy effective in
fighting recessions?
541
Question
3:
Can monetary and/or fiscal policy reduce
unemployment in the long run?
541
Question
4:
Should fiscal policy be used in a
discretionary way?
541
Question
5:
Should monetary policy be used in a
discretionary way?
542
The clean little secret of macroeconomics
542
ECONOMICS
>
IN ACTION An Irish Role Model?
544
part
8
The Open Economy
► chapter
19
Open-Economy
Macroeconomics.,..,,,..
549
SWITZERLAND DOESN T WANT YOUR MONEY
549
Capital Flows and the Balance of Payments
550
Balance of payments accounts
550
FOR INQUIRING MINDS: GDP, GNP, and the Current Account
553
Modeling the financial account
554
GLOBAL COMPARISON: Big Surpluses
555
Underlying determinants of international capital flows
557
FOR INQUIRING MINDS: A Global Savings Glut?
558
Two-way capital flows
558
ECONOMICS ENACTION The Golden Age of Capital Flows
559
The Role of the Exchange Rate
560
Understanding exchange rates
560
The equilibrium exchange rate
561
Inflation and real exchange rates
564
Purchasing power parity
566
FOR INQUIRING MINDS: Burgernomics
566
ECONOMICS >IN ACTION Low-Cost America
567
Exchange Rate Policy
568
Exchange rate regimes
569
How can an exchange rate be held fixed?
569
The exchange rate regime dilemma
571
FOR INQUIRING MINDS: From
Bretton
Woods to the Euro
572
ECONOMICS >IN ACTION China Pegs the Yuan
573
Exchange Rates and
Macroeconomic
Policy
573
Devaluation and revaluation of fixed exchange rates
574
Monetary policy under floating exchange rates
574
International business cycles
576
ECONOMICS >INACTION The Joy of a Devalued Pound
576
War of the Earthmovers
578
Macroeconomic
Data Tables
m-i
Solutions to Check Your Understanding
Questions s-1
Glossary G-i
Index
1-і
|
| any_adam_object | 1 |
| author | Krugman, Paul R. 1953- Wells, Robin 1959- |
| author_GND | (DE-588)121368033 (DE-588)131677853 |
| author_facet | Krugman, Paul R. 1953- Wells, Robin 1959- |
| author_role | aut aut |
| author_sort | Krugman, Paul R. 1953- |
| author_variant | p r k pr prk r w rw |
| building | Verbundindex |
| bvnumber | BV040363896 |
| callnumber-first | H - Social Science |
| callnumber-label | HB172 |
| callnumber-raw | HB172.5 |
| callnumber-search | HB172.5 |
| callnumber-sort | HB 3172.5 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QC 300 |
| ctrlnum | (OCoLC)812220610 (DE-599)BVBBV040363896 |
| dewey-full | 339 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | 339 |
| dewey-search | 339 |
| dewey-sort | 3339 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 3. ed. |
| format | Book |
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| genre | 1\p (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV040363896 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:22:32Z |
| institution | BVB |
| isbn | 1429283432 9781429283434 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025217677 |
| oclc_num | 812220610 |
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| owner_facet | DE-1050 DE-M382 DE-19 DE-BY-UBM DE-739 DE-522 |
| physical | XXXII, 632 S. Ill., graph. Darst., Kt. |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Worth |
| record_format | marc |
| spelling | Krugman, Paul R. 1953- Verfasser (DE-588)121368033 aut Macroeconomics Paul Krugman ; Robin Wells 3. ed. New York, NY Worth 2013 XXXII, 632 S. Ill., graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Macroeconomics Macroeconomics / Study and teaching Makroökonomik stw Theorie stw Macroeconomics Study and teaching Volkswirtschaft (DE-588)4063885-6 gnd rswk-swf Makroökonomie (DE-588)4037174-8 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 Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025217677&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 Volkswirtschaft (DE-588)4063885-6 gnd Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4063885-6 (DE-588)4037174-8 (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 Volkswirtschaft (DE-588)4063885-6 gnd Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Macroeconomics Macroeconomics / Study and teaching Makroökonomik Theorie Macroeconomics Study and teaching Volkswirtschaft Makroökonomie Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025217677&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT krugmanpaulr macroeconomics AT wellsrobin macroeconomics |