Macroeconomic Analysis for Policymakers

Covers the theory of modern macroeconomics in detail. Focus is on the determination of macroeconomic variables - such as output, employment, prices, and the interest rate - in the short, medium, and long run, and addresses a number of policy issues. Discusses several examples of macroeconomic phenomena in the real world. A central theme is to understand the powers and limitations of macroeconomic policy in stabilizing the business cycle and promoting growth.