Macroeconomics: Fifth Edition

Author: Hall
Publisher:
Publish Date: 2000-06-01
Features: This book incorporates the key new findings in macroeconomics while adhering to the basic objectives of the previous edition. It presents the fundamental content and essence of modern macroeconomics in a way that a mid-level textbook can effectively cover. Features of the book:
- Establishes a consistent, comprehensive working model that includes short-term fluctuations, price adjustment, and long-term growth;
- Conducts an in-depth examination of how macroeconomics is implemented in real-world policy;
- Treats the price level as a predetermined variable when explaining why the economy may deviate from its long-run path in the short term;
- Pays attention to the microfoundations of the various issues discussed.