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Macroeconomic Theory: A Dynamic General Equilibrium Approach,New
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Macroeconomic Theory is the most uptodate graduatelevel macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource for economists who need to brush up on the latest developments.Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, exchangerate determination, and an uptodate account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreignexchange markets. While the mathematics needed for this book is rigorous, the author describes fundamental concepts in a way that helps make the book selfcontained and easy to use. Accessible, comprehensive, and wideranging, Macroeconomic Theory will become the standard text for students and is ideal for economists, particularly those in government, central and commercial banking, and financial investment.The most uptodate macroeconomics textbook available today Webbased exercises with answers (June 2008) Emphasis on general equilibrium macroeconomics addresses the whole economy Latest advances in macroeconomics covered fully and completely Gives uptodate account of monetary policy Covers modern finance Extensive mathematical appendix for ataglance easy reference
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