Macroeconomics : a European perspective, 3rd. ed.

• Main Author: Olivier Blanchard, Alessia Amighini and Francesco Giavazzi.
• Format: Book
• Language: English
• Published: Pearson 2020
• Subjects: Macroeconomics–Europe.
• Online Access: http://dspace.uniten.edu.my/jspui/handle/123456789/15317

This new European edition of Macroeconomics is based on and extends the well-tested US edition as well as the experience of previous European editions in national languages – French, German, Spanish and Italian – some of which have been used in universities around Europe for many years (the Italian edition since 1998). We had two main goals in preparing this book: ● To make close contact with current macroeconomic events. What makes macroeconomics exciting is the light it sheds on what is happening around the world, from the major economic crisis which has engulfed the world since 2008, to monetary policy in the United States, to the problems of the euro area, to growth in China. These events – and many more – are described in the book, not in footnotes, but in the text or in detailed boxes. Each box shows how you can use what you have learned to get an understanding of these events. Our belief is that these boxes not only convey the ‘life’ of macroeconomics, but also reinforce the lessons from the models, making them more concrete and easier to grasp. ● To provide an integrated view of macroeconomics. The book is built on one underlying model, a model that draws the implications of equilibrium conditions in three sets of markets: the goods market, the financial markets, and the labour market. Depending on the issue at hand, the parts of the model relevant to the issue are developed in more detail while the other parts are simplified or lurk in the background. But the underlying model is always the same. This way, you will see macroeconomics as a coherent whole, not a collection of models. And you will be able to make sense not only of past macroeconomic events, but also of those that unfold in the future.