CARLIN SOSKICE MACROECONOMICS IMPERFECTIONS INSTITUTIONS POLICIES PDF

Wendy Carlin and David Soskice Additional contact information in OUP Catalogue from Oxford University Press Abstract: 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 use of a common framework throughout for closed and open economies helps readers develop the economic intuition with which to address a diversity of macroeconomic problems. Applied chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do not.

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Table of Contents Description 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 behavior and policy issues.

The three equations are the IS curve, the Phillips curve, and an interest rate-based monetary policy rule. The use of a common framework throughout for closed and open economies helps students develop the economic intuition with which to address a diversity of macroeconomic problems.

Applied chapters show how models can be used to analyze performance in OECD economies over the past 25 years. The chapters on growth present in-depth coverage of the Solow-Swan, endogenous, and Schumpeterian models that allow students to understand how these approaches can be used to anser the big questions of growth: why some countries are rich and other are poor; why some catch up and others do not.

Because the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced macroeconomics. It is also designed to appeal to graduate students, non-specialists in maacroeconomics, professional economists, and those from related disciplines who want a guide to the complexities of modern macroecnomics and to understand contemporary policy debates.

Online Resource Center: The companion website will provide exercises and checklist questions for students as well as password-protected solutions and diagrams from the text for instructors. Features Develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives, making it easier for students to apply this to economic events.

Makes extensive use of a set of core diagrams. Includes maths for clarity when necessary but emphasizes diagrammatic and verbal explanations, helping students to better understand difficult topics. Provides comprehesive coverage of aggregate demand and supply sides of the closed and open economy within an integrated model, giving students a better understanding of all economies. End-of-chapter questions are of two types: check-list questions focus on common confusions and misunderstandings; problems and open-ended questions help students develop deeper understanding and greater confidence.

Is unique in providing a self-contained introduction to the growing field of political economy. Companion web site with exercises and checklist questions for students and password-protected solutions and diagrams from the text for lecturers.

Table of Contents Note: Each chapter ends with Conclusions.

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