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Macroeconomics 6/c/e
Macroeconomics, 6/e
Rudi Dornbusch, Massachusetts Institute of Technology
Stanley Fischer, International Monetary Fund, on leave from MIT
Richard Startz, University of Washington
Frank Atkins, University of Calgary
Gordon Sparks, Queen's University
Big Events: The Economics of Depression, Hyperinflation and Deficits

Chapter Objectives

After reading and studying this chapter, you should be able to:

Understand that modern macroeconomics grew out of the Great Depression.

Understand that money and inflation are tightly linked during periods of high inflation.

Understand that large budget deficits typically play a role in the extensive money creation that generates hyperinflations.




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