Cover image for Macroeconomics
Blanchard, Olivier (Olivier J.)
Second edition.
Publication Information:
Upper Saddle River, N.J. : Prentice Hall, [2000]

Physical Description:
1 volume (various pagings) : illustrations (some color), color maps ; 27 cm.
General Note:
A multimedia teaching/learning package for instructors/students supplements the text.
Subject Term:
Format :


Call Number
Material Type
Home Location
Central Library HB172.5 .B573 2000 Adult Non-Fiction Non-Fiction Area

On Order



Takes an integrated approach to covering the key macroeconomic issues, aiming to present the subject as a coherent whole, as opposed to a collection of random models. Theoretical material is presented within the context of real-world applications.

Author Notes

Olivier Blanchard is the Class of 1941 Professor of Economics at MIT. He is also Chairman of the Department of Economics at MIT. He did his undergraduate work in France, and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982, and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics, most recently in 1999. He is a research associate of the National Bureau of Economic Research, a fellow of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past Vice President of the American Economic Association.

Table of Contents

1 A Tour of the World
2 A Tour of the Book
The Core
The Short Run
3 The Goods Market
4 Financial Markets
5 Goods and Financial Markets: The IS-LM Model.The Medium Run
6 The Labor Market
7 Putting All Markets Together: The AS-AD Model
8 The Natural Rate of Unemployment and The Phillips Curve
9 Inflation, Activity, and Money Growth.The Long Run
10 The Facts of Growth
11 Saving, Capital Accumulation, and Output
12 Technological Progress and Growth
13 Technological Progress, Wages, and Unemployment.Expectations
14 Expectations: The Basic Tools
15 Financial Markets and Expectations
16 Expectations, Consumption, and Investment
17 Expectations, Output, and Policy.The Open Economy
18 Openness in Goods and Financial Markets
19 The Goods Market in an Open Economy
20 Output, the Interest Rate, and the Exchange Rate
21 Exchange Rate Regimes
22 Slumps and Depressions
23 High Inflation
Back To Policy
24 Should Policy Makers Be Restrained?
25 Monetary Policy: A Summing Up
26 Fiscal Policy: A Summing Up
27 The Story of Macroeconomics
Appendix 1 An Introduction to National Income and Product Accounts
Appendix 2 A Math Refresher
Appendix 3 An Introduction to Econometrics

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