Published by Pearson (June 8, 2020) © 2020
Olivier BlanchardFor intermediate courses in economics.
In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling
students to see the connections between goods markets, financial markets, and labor markets
worldwide.
A unified view of the latest macroeconomic events
In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling
students to see the connections between goods markets, financial markets, and labor markets
worldwide. Organized into two parts, the text contains a core section that focuses on short-,
medium-, and long-run markets and two major extensions that offer more in-depth coverage of
the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to
monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps
students make sense not only of current macroeconomic events but also of those that may
unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey
the life of macroeconomics today, reinforce lessons from the models, and help students employ
and develop their analytical and evaluative skills.
- THE CORE
- PART I: INTRODUCTION
- 1. A Tour of the World
- 2. A Tour of the Book
- PART II: THE SHORT RUN
- 3. The Goods Market
- 4. Financial Markets I
- 5. Goods and Financial Markets; The IS-LM Model
- 6. Financial Markets II
- PART III: THE MEDIUM RUN
- 7. The Labor Market
- 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation
- 9. Putting All Markets Together: From the Short to the Medium Run
- PART IV: THE LONG RUN
- 10. The Facts of Growth
- 11. Saving, Capital Accumulation, and Output
- 12. Technological Progress and Growth
- 13. The Challenges of Growth
- EXTENSIONS
- PART V: EXPECTATIONS
- 14. Financial Markets and Expectations
- 15. Expectations, Consumption, and Investment
- 16. Expectations, Output, and Policy
- PART VI: THE OPEN ECONOMY
- 17. Openness in Goods and Financial Markets
- 18. The Goods Market in an Open Economy
- 19. Output, the Interest Rate, and the Exchange Rate
- 20. Exchange Rate Regimes
- PART VII: BACK TO POLICY
- 21. Should Policy Makers Be Restrained?
- 22. Fiscal Policy: A Summing Up
- 23. Monetary Policy: A Summing Up
- 24. Epilogue: The Story of Macroeconomics