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Macroeconomics: Imperfections, Institutions and Policies - Carlin, Wendy, and Soskice, David
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The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are BL the IS curve BL the Phillips curve and BL an interest rate-based monetary policy rule. The use ...

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Macroeconomics: Imperfections, Institutions and Policies 2006, Oxford University Press, USA, Oxford, England

ISBN-13: 9780198776222

Trade paperback