Macroeconomic Theory and Policy.

Abstract

I. AN INTRODUCTION TO MACROECONOMICS. 1. Actual and Potential GNP: Fluctuations and Growth. 2. A Review of the National Income and Product Accounts. 3. Introduction to Income Determination: Multiplier. II. NATIONAL INCOME DETERMINATION: THE STATIC EQUILIBRIUM MODEL. 4. Demand-Side Equilibrium: Income and the Interest Rate. 5. An Introduction to Monetary and Fiscal Policy. 6. Demand and Supply in the Labor Market. 7. Supply-Side Equilibrium: Output and the Price Level. 8. Equilibrium in the Static Model. 9. Monetary, Fiscal, and Incomes Policy. 10. Search, Wage Rigidity, and Unemployment. 11. Rational Expectations and Demand Policy. III. SECTORAL DEMAND FUNCTIONS AND EXTENSIONS OF THE STATIC MODEL. 12. Consumption and Consumer Expenditure. 13. Investment Demand. 14. Demand for Money. 15. Supply of Money. 16. Monetary and Fiscal Policy in the Extended Model. 17. Foreign Sector and the Balance of Payments. 18. Macroeconomics When Markets Do Not Clear. IV. MEDIUM-TERM DYNAMICS: BETWEEN STATIC EQUILIBRIUM AND LONG-RUN GROWTH. 19. Inflation, Productivity, and Income Distribution. 20. Inflation and Unemployment: Phillips Curve. 21. Introduction to Stock-Adjustment Dynamics. 22. Trend Growth in the Static Model. V. LONG-RUN GROWTH WITH FULL EMPLOYMENT. 23. Introduction to Growth Models. 24. Basic Neoclassical Growth Model. 25. Basic Model Extended: Varying Saving Assumptions. 26. Golden Rule and an Introduction to Optimal Growth Models. 27. Medium-Term Growth and The Measure of Our Ignorance.