Macroeconomics: Theories and Policies

Macroeconomicstraces the history, evolution, and challenges of Keynesian economics, presenting a comprehensive, detailed, and unbiased view of modern macroeconomic theory. This book narrates the evolution of economic theory, presenting the most recent and modern developments, without glossing over the fundamental disagreements among macroeconomists on both theory and policy.

PART ONE: INTRODUCTION AND MEASUREMENT
Chapter 1: Introduction
Chapter 2: Measurement of Macroeconomic Variables 13

PART TWO: CLASSICAL ECONOMICS AND THE KEYNESIAN REVOLUTION
Chapter 3: Classical Macroeconomics (I): Equilibrium Output and Employment
Chapter 4: Classical Macroeconomics (II): Money, Prices, and Interest
Chapter 5: The Keynesian System (I):The Role of Aggregate Demand
Chapter 6: The Keynesian System (II): Money, Interest, and Income
Chapter 7: The Keynesian System (III): Policy Effects in the IS—LM Model
Chapter 8: The Keynesian System (IV): Aggregate Supply and Demand

PART THREE: MACROECONOMIC THEORY AFTER KEYNES
Chapter 9: The Monetarist Counterrevolution
Chapter 10: Output, Inflation, and Unemployment: Alternative Views
Chapter 11: New Classical Economics
Chapter 12: Real Business Cycles and New Keynesian Economics
Chapter 13: Macroeconomic Models :A Summary

PART FOUR: OPEN ECONOMY MACROECONOMICS
Chapter 14: Exchange Rates and the International Monetary System
Chapter 15: Monetary and Fiscal Policy in the Open Economy

PART FIVE: ECONOMIC POLICY
Chapter 16: Money, the Banking System, and Interest Rates
Chapter 17: Optimal Monetary Policy
Chapter 18: Fiscal Policy

PART SIX: ECONOMIC GROWTH
Chapter 19: Policies for Intermediate-Run Growth
Chapter 20: Long-Run Economic Growth: Origins of the Wealth of Nations