Macroeconomics, 6th edn

Contents: 

Part I - Introduction • Chapter 1: Economic Growth, Fluctuation, and Policty • Macroeconomics and Its Uses • Recent Macroeconomic Performance • Explaining Economic Growth and Fluctuations: A Preview • A Core of Practical Macroeconomics • The Macroeconomic Model Used in This Book • Review and Practice • Chapter 2: Measuring Economic Performace • Gross Domestic Product • Measuring GDP Through Spending • Measuring GDP Through Production: Value Added • Measuring GDP Through Income • Saving and Investment • Transactions with the Rest of the World: The Balance of Payment Accounts and the Exchange Rate • Measuring Inflation • Measuring Exployment and Wages • Review and Practice • Chapter 3: Employment, Job Creation and Job Destruction • Measuring Unemployment • Flows Into and Out of Unemployment • The Natural Unemployment Rate • Unemployment in Recessions and Booms • Analysis of Unemployment in the Framework of Supply and Demand • Review and Practice • Part 3: Economic Growth • Chapter 4: Long-Run Economic Growth • The Determinants of Economic Growth • Full Employment and Potential GDP • Malthusian Stagnation and the Demographic Transition • The Slow Growth Model • Review and Practice • Chapter 5: Technology and Economic Growth • The Growth Accounting Formula • Endogenous Growth Theory • Policies to Stimulate Growth • The Neoclassical Growth Revival • Real Wages and Labor Productivity • Productivity and the New Economy • Review and Practice • Chapter 6: Growth and the World Economy • Convergence • Cross-Country Growth in the Long Run • The Augmented Solow Model • Geography, Institutions, and Growth • Review and Practice • Part 3: Economic Fluctuations • Chapter 7: Short-Run Fluctuations • Forces that Push the Economy Off Its Growth Path • Aggregate Demand and the Spending Decision • The Point of Balance of Income and Spending • Review and Practice • Chapter 8: Financial Market and Aggregate Demand • Investment and the Interest Rate • Net Exports and the Interest Rate • The Demand for and Supply of Money • The IS Curve and the LM Curve • Policy Analysis with IS-LM • The Aggregate Demand Curve • Determination of Output and Unemployment in the Short Run • Review and Practice • Chapter 9: The Economic Fluctuations Model • Price Adjustment • Combining Aggregate Demand and Price Adjustment • Shocks to the Economy • Responding to Aggregate Demand and Price Shocks • Price Shocks • How Fiscal Policy Affects the Shares of Outpur in the Long Run • Money and Inflation in the Long Run • The Classical Dichotomy • Review and Practice • Part 4: Microfoundations of Macroeconomics • Chapter 10: Consumption Demand • Fluctuations in GDP Consumption, and Income • Defects in the Simple Keynesian Consumption Function • The Forward-Looking Theory of Consumption • How Well Does the Forward-Looking Theory Work? • Real Interest Rates, Consumption, and Saving • Consumption the IS Curve • Review and Practice • Chapter 11: Investment Demand • Fluctuations in Investment Spending • How Firms Make Investment Decisions • The Investment Function • Taxes and Investment • Residential Investment • Inventory Investment • Investment Function and the IS Curve • Review and Practice • Chapter 12: Foreign Trade and The Exchange Rate • Foreign Trade and Aggregate Demand • The Exchange Rate • The Determinates of Net Exports • A Model of the Real Exchange Rate • The IS Curve and Economic Policy in an Open Economy • The Exchange Rate and the Price Level • Protectionism Versus Free Trade • Stabilizing the Exchange Rate • Fixed and Floating Exchange Rates in the Long Run • Review and Practice • Chapter 13: Spending, Taxes, and The Budget Deficit • Government Budgets • Fluctuations in the Deficit: Purchases, Transfers and Taxes • The Effect of the Government Deficit • The Governmnet and the IS Curve • Review and Practice • Chapter 14: The Monetary System • Elements of a Monetary System • How the Fed Controls the Money Supply • The Demand for Money: Currency and Checking Deposits • How the Fed Conducts Monetary Policy • Lags in the Effect of Monetary Policy • Review and Practice • Chapter 15: The Microeconomic Foundations of Price Rigidity • The Imperfect Information Theory • Sticky Prices and Nominal Wage Contracts • A Model with Staggered Wage Setting • Price Adjustment • Review and Practice • Part 5: Macroeconomic Policy • Chapter 16: The Macroeconomic Policy Model • Monetary Policy Rules • The Macroeconomic Policy Model • Macroeconomic Policy Scenarios • Experience with Inflation and Output in the United States • Macroeconomic Performance of the United States • Review and Practice • Chapter 17: The New Normative Macroeconomics • General Principles of Macro Policy Analysis • Instruments, Targets, and Uncertainty • The Benefits of Full Employment and Price Stability • The Policy Trade-Off Between Inflation and Output Fluctuations • Changing the Policy Frontier • Review and Practice • Chapter 18: Macroeconomic Policy in the World Economy • The International Financial and Monetary System • History of the World Financial and Monetary System • Monetary Policy Rules in the World Economy • Macroeconomic Performance in Japan • Review and Practice • Index