Macroeconomics (Second Edition)

Author: Olivier Blanchard
Publisher:
Publication Date: 2001-09-01
Features: This book is one of the most popular intermediate macroeconomics textbooks in the West. Author Olivier Blanchard is a renowned economist in the United States, well-researched on major macroeconomic issues, prolific in writing, and highly respected worldwide. He has held positions in numerous government agencies and international organizations. The author set two major goals for this book: First, to closely focus on current global macroeconomic events, the new European monetary system, the elimination of the U.S. budget deficit, the transition in Eastern Europe, and the Asian crisis. The author includes all major events in the book, aiming not only to enhance the of learning but also to highlight the practical power of macroeconomic theory. Second, to provide an integrated perspective on macroeconomics, using the "Three-Market Equilibrium Model" as a thread throughout the book, adapting it to different issues discussed. For beginners who feel overwhelmed by the complexity of the theory and are like lost in a fog, this simplified style that emphasizes theoretical consistency is like a refreshing remedy. Additionally, the author organizes the material into "Core Part" and "Extended Part," progressing step by step, benefiting the readers greatly.