Blanchard (who is the Economic Counselor and Director of Research at the International Monetary Fund "IMF") presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.
Technological problems and growth, financial markets and expectations, the goods market in an open economy, monetary policy, and fiscal policy.
For business professionals seeking to understand the macroeconomic picture of corporate businesses.
A book/CD-ROM text providing an integrated view of macroeconomics, featuring boxes on current macroeconomic events. Material is built around an underlying model that concentrates on the implications of equilibrium conditions in the goods, financial, and labor markets. This second edition is reorganized in a core section on the short, medium, and long run, and a set of three major extensions examining the role of expectations, implications of openness, and pathologies. Includes key points and terms and exercises. The CD-ROM contains a series of 48 interactive graphs. The author teaches economics at Massachusetts Institute of Technology. Annotation c. Book News, Inc., Portland, OR (booknews.com)