Macroeconomics (Paperback)

Blanchard presents a unified view of macroeconomics, enabling students to see the connections between the short run, medium run, and long run.

Salient Features
* New definition of exchange rate defined as the price of domestic currency in terms of foreign currency
* A discussion of whether we should think of the central bank as choosing the money stock or the interest rate has been introduced to spark student thought and interest.
* Expanded discussion of inflation targeting and interest rate rules.
* Many new boxes and discussions that focus on recent events and research

Table of Contents
Introduction
* A Tour of the World
* A Tour of the Book

The Core
* The Goods Market
* Financial Markets
* Goods and Financial Markets: The IS-LM Model
* The Labor Market
* Putting All Markets Together: The AS-AD Model
* The Natural Rate of Unemployment and The Phillips Curve
* Inflation, Activity and Nominal Money Growth
* The Facts of Growth
* Saving, Capital Accumulation and Output
* Technological Progress and Growth
* Technological Progress, Wages and Unemployment

Extension: Expectations
* 1Expectations: The Basic Tools
* Financial Markets and Expectations
* Expectations, Consumption and Investment
* Expectations, Output and Policy

Extention: The Open Economy
* Openness in Goods and Financial Markets
* The Goods Market in an Open Economy
* Output, the Interest Rate and the Exchange Rate
* Exchange Rate Regimes
* Depressions and Slumps

Extension: Pathologies
* High inflation
* Should Policy Makers Be Restrained?
* Back to Policy
* Monetary Policy: A Summing Up
* Fiscal Policy: A Summing Up Epilogue
* Epilogue: The Story of Macroeconomics