Macroeconomics

Front Cover
MIT Press, 1997 - 867 pages

Robert Barro's Macroeconomics has become the classic textbook presentation of the equilibrium approach to macroeconomics. In its first four editions, this book has shown undergraduates how market-clearing models with strong microeconomic foundations can be used to understand real-world phenomena and to evaluate alternative macroeconomic policies. Moreover, a single, unified framework works as well for short-term business fluctuation as for long-term economic growth. This latest edition includes the most recent theoretical and empirical developments in economic growth, recent evidence on the macroeconomics of labor markets and public finance, and up-to-date results on the interplay between nominal and real variables.

 

Contents

CHAPTER
1
CHAPTER
2
The Components of
10
Labor Input and Productivity
17
Microeconomic Foundations of Macroeconomics
23
A Note on Mathematics and Economic Reasoning
32
Prices
45
Production Technology
60
UNEMPLOYMENT
351
ECONOMIC GROWTH
389
33
411
PART FOUR GOVERNMENT BEHAVIOR
433
TAXES AND TRANSFERS
471
THE PUBLIC DEBT
509
122
518
PART FIVE THE INTERNATIONAL ECONOMY
549

Deciding How Much to Work
70
THE BEHAVIOR OF HOUSEHOLDS WITH MARKETS
91
Budget Constraints for Two Periods
98
Preferences for Consuming Now versus Later
104
CHAPTER 6
108
THE DEMAND FOR MONEY
133
THE BASIC MARKETCLEARING MODEL
167
Labor Supply and Consumption Demand
213
Clearing of the Commodity Market
219
Nominal Wage Rates
227
PART
235
MONEY INFLATION AND INTEREST RATES
269
Interest Rates and the Demand for Money
275
The Dynamics of Inflation
286
Real Effects of Inflation
294
PART THREE BUSINESS FLUCTUATIONS UNEMPLOYMENT
307
EXCHANGE RATES
595
PART
641
CHAPTER 18
692
CrossCountry Relations between Nominal and Real Variables
701
MONEY AND BUSINESS FLUCTUATIONS IN THE MARKET
721
Disturbances to Local Markets
728
Persisting Effects of Money on Real Variables
737
Implications of the Model for Cyclical Fluctuations
744
THE KEYNESIAN THEORY OF BUSINESS FLUCTUATIONS
757
Summary
798
93
809
ཆ ྂ 8 8
819
GLOSSARY
822
AUTHOR INDEX
836
100
841
Copyright

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About the author (1997)

Robert J. Barro is Robert C. Waggoner Professor of Economics at Harvard University and a senior fellow of the Hoover Institution at Stanford University.

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