Macroeconomics Policy and Practice PDF Download Ebook. Frederic S. Mishkin clearly provides a theoretical framework that illustrates the most current and relevant policy debates in the field. This book offers your students with the most current and locally relevant theories in Macroeconomics today!
To show the relevance of the underlying theory, this text provides continual exposure to real-life economic issues through an array of cases and applications. Over 40 in-chapter applications show students how to apply theories to real-world examples. Examples include the Great Inflation from 1965 to 1982, 2007-2009 financial crisis, the impact of oil prices on real wages and the stock market, foreign exchange crises and why unemployment in the United States is typically lower than in Europe.
Never before has the connection between finance and macroeconomics been so important. Mishkin includes three full chapters that discuss and analyze this relationship and the resulting policy implications. This text focuses on the long run, showing how a well-functioning financial system promotes economic growth and builds a framework for Chapter 15’s look at how finance can affect the economy in the short run.
Author analyzes the dynamics of financial crises and then applies this analysis to explaining both the most recent worldwide financial crisis as well as earlier episodes in U.S. history. This text provides a powerful, dynamic aggregate demand and supply (AD/AS) model that unfolds, step-by-step. This model serves as the sole engine for analysis of short-run fluctuations in economic activity and inflation.
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