Rudiger Dornbusch,
Late of Massachusetts Institute of Technology Stanley Fischer,
Bank of Israel Richard Startz,
University of Washington
ISBN: 0073128112 Copyright year: 2008
What's New
Former Chapter 8, “Policy,” has been split into two chapters. New Chapter 8, “Policy Preview.” provides a media-level view of a stabilization policy whereas new Chapter 17, “Policy,” presents a deeper discussion of the material.
Recent changes made by the Federal Reserve have been incorporated throughout the book. For example, in Chapter 15 the authors indicate that M3 monetary aggregate and its components are no longer being tracked. A second example of these adjustments is in Chapter 16, where the discount rate has been modified.
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