{"product_id":"macroeconomic-theory-a-dynamic-general-equilibrium-approach-second-edition-9780691152868","title":"Macroeconomic Theory: A Dynamic General Equilibrium Approach - Second Edition","description":"\u003cp\u003e\u003cb\u003eThe definitive graduate textbook on modern macroeconomics\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003ci\u003eMacroeconomic Theory\u003c\/i\u003e is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. \u003cp\u003e\u003c\/p\u003eMichael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, \u003ci\u003eMacroeconomic Theory\u003c\/i\u003e is the standard book on the subject for students and economists.\u003cbr\u003e\u003cul\u003e\n\u003cbr\u003e\u003cli\u003eThe most up-to-date graduate macroeconomics textbook available today\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eGeneral equilibrium macroeconomics and the latest advances covered fully and completely\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eTwo new chapters investigate banking and monetary policy, and unemployment\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eAddresses questions raised by the recent financial crisis\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eWeb-based exercises with answers\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eExtensive mathematical appendix for at-a-glance easy reference\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003eThis book has been adopted as a textbook at the following universities: \u003c\/p\u003e\u003cul\u003e\n\u003cbr\u003e\u003cli\u003eAmerican University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eBentley College\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eBrandeis University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eBrigham Young University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eCalifornia Lutheran University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eCalifornia State University - Sacramento\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eCardiff University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eCarleton University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eColorado College\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eFordham University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eLondon Metropolitan University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eNew York University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eNortheastern University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eOhio University - Main Campus\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eSan Diego State University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eSt. Cloud State University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eState University Of New York - Amherst Campus\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eState University Of New York - Buffalo North Campus\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eTemple University - Main\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eTexas Tech University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity of Alberta\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Notre Dame\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Ottawa\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Pittsburgh\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of South Florida - Tampa\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Tennessee\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Texas At Dallas\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity Of Washington\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eUniversity of Western Ontario\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eWesleyan University\u003c\/li\u003e\n\u003cbr\u003e\u003cli\u003eWestern Nevada Community College\u003c\/li\u003e \u003cp\u003e\u003c\/p\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMichael Wickens\u003c\/b\u003e is professor of economics at the University of York and at Cardiff Business School. He is the coeditor of \u003ci\u003eHandbook of Applied Econometrics\u003c\/i\u003e and was managing editor of the \u003ci\u003eEconomic Journal\u003c\/i\u003e from 1996 to 2004. He is specialist adviser to the House of Lords on macroeconomics and a member of the Shadow Monetary Policy Committee.\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50844947087634,"sku":"9780691152868","price":114.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_0ce8304f-afb8-4072-8c6b-dfd0579f5705.jpg?v=1737337274","url":"https:\/\/surprise-castle.myshopify.com\/products\/macroeconomic-theory-a-dynamic-general-equilibrium-approach-second-edition-9780691152868","provider":"Surprise Castle","version":"1.0","type":"link"}