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This intermediatelevel text concentrates on new macroeconomic analysis and is one of the first to focus on labor markets. Presenting a neoKeynesian treatment of macroeconomics, whose use of wage bargaining and price setting under imperfect conditions make product and labor assumptions closer to the real world, the authors look at important applied work on unemployment, inflation, and external balances. They make available for the first time to undergraduates and nonspecialists current literature on major questions of economic policy and performance, especially in Western Europe.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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