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Macroeconomic Theory

Online ISBN:
9780190261405
Print ISBN:
9780195387711
Publisher:
Oxford University Press
Book

Macroeconomic Theory

Jean-Pascal Benassy
Jean-Pascal Benassy
Director of Research, National Center for Scientific Research (CNRS)
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Published online:
30 April 2015
Published in print:
12 May 2011
Online ISBN:
9780190261405
Print ISBN:
9780195387711
Publisher:
Oxford University Press

Abstract

This book is a primer in macroeconomics. It starts from essential macroeconomics and develops the central topics of modern macroeconomic theory in a simple and rigorous manner. Topics covered include rational expectations, intertemporal dynamic models, exogenous and endogenous growth, nonclearing markets and imperfect competition, uncertainty, and money. The book also covers real business cycles and dynamic stochastic general equilibrium models, integrating growth and fluctuations, sticky wages and prices, consumption and investment, and unemployment. Lastly, it studies government policy, stabilization, credibility, and the connections between politics and the macroeconomy. Each topic is presented in the simplest model possible while still delivering the relevant answers and keeping rigorous foundations throughout the book.

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