Introducing Advanced Macroeconomics: Growth and Business Cycles, 2/e
Peter Birch Sørensen,
Chief Economist Danish central bank Hans Jørgen Whitta-Jacobsen,
University of Copenhagen
ISBN: 0077117867 Copyright year: 2011
Key Features
Fully updated and revised: The empirical material has been updated and new case studies have been added to illustrate the importance of institutions for long run prosperity and to show how business cycle theory can help us understand the dramatic events during the economic crisis which began in 2007.
Empirical motivation and policy orientation: This book reviews the stylised empirical facts to be explained by the models and systematically confronts theoretical predictions with empirical data. The policy implications of the theories presented are highlighted.
Respect for rigour: In the presentation of models, mathematics is used to a degree required for a thorough understanding, but unnecessary technicalities are avoided and a balance between formalism and verbal explanation is maintained throughout.
2011 McGraw-Hill Education Europe