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
Table of Contents
Part I: Overview
1. Macroeconomics for the Long Run and for the Short RunBOOK ONE- The Long Run: Economic Growth, Long Run Unemployment, and Structural Economic Policy Part I. Work Horse Models for the Long Run
2. Some Facts about Prosperity and Growth
3. Capital Accumulation and Growth: The Basic Solow Model
4. Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open economy Part II. Exogenous Growth
5. Technological Progress and Growth: The General Solow Model
6. Education and Growth: The Solow Model with Human Capital
7. Limits to Growth? The Solow Model with Scarce Natural Resources Part III. Endogenous Growth
8. Productive Externalities and Endogenous Growth
9. R&D-Based Endogenous Growth Part IV. Structural Unemployment
10. Some Facts and Introductory Theory about Unemployment
11. Efficiency Wages and Unemployment
12. Trade Unions and Unemployment
Appendix. Table A: Some Growth Relevant Country Data
BOOK TWO- The Short Run: Economic Fluctuations, Short Run Unemployment, and Stabilization Policy Part V. Building Blocks for Short Run Macroeconomics
13. Some Facts About Business Cycles
14. Investment and Asset Prices
15. Consumption, Income and Wealth
16. Monetary Policy and Aggregate Demand
17. Inflation, Unemployment, and Aggregate Supply Part VI. Short Run Macroeconomics for the Closed Economy
18. Explaining Business Cycles: Aggregate Supply and Aggregate Demand in Action
19. Stabilization Policy: Why?
20. Stabilization Policy: How?
21. Stabilization Policy with Rational Expectations
22. Limits to Stabilization Policy: The Role of Credibility and UncertaintyPart VII. Short Run Macroeconomics for the Open Economy
23. Aggregate Demand and Aggregate Supply in the Open Economy
24. The Open Economy with Fixed Exchange Rates
25. The Open Economy with Flexible Exchange Rates