This macroeconomics textbook is the first to be written from a European perspective. No previous knowledge is assumed and nearly all topics in macroeconomics are covered, including advanced concepts such as endogenous growth or time inconsistency. It presents the "new" macroeconomics--a synthesis of the older fixed price approach and of the newer microeconomic foundations and intertemporal aspects. The work looks at the open economy and the effect of openness as a source of disturbance, emphasizing the exchange rate and the importance of capital movements and other international linkages. Each chapter includes an overview, summary section, list of key concepts, and many exercises.
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Michael Burda is Professor of Macroeconomics and Labour Economics at the Humboldt-Universitaet, Berlin, and has published research relating to the labour markets of both Western and Eastern Europe. Charles Wyplosz is at the Graduate Institute of International Studies, University of Geneva. His research is on exchange rates and macroeconomic policies. He is a frequent adviser to governments and international organizations.
`Review from previous edition 'For European students there is no rival'' Professor C. G. Devries, Tinbergen Institute, Rotterdam
`'Clear analytical presentation of complex matters, richly illustrated with empirical data'' G. M. Popelier, Open University, Heerlen, The Netherlands
`'An excellent reference and overview for the now standard macro model. It is also very useful because of its focus on European matters'' Professor Casper de Vries, Erasmus University, Rotterdam
`'Excellent description of the workings of European economies and markets.'' Professor Ernst Ludwig von Thadden, University of Lausanne
`'A high quality textbook, very well suited for an undergraduate macro course in any European university.'' Professor Antonio Barbosa, New University of Lisbon
`'Goes further than standard macroeconomics books for this level...it provides a very realistic selection of facts and theories explaining these facts.'' Lebre de Freitas, Universitate Independente, Lisbon
`'A crystal clear writing style combining Keynesian macroeconomics with solid microeconomic foundations makes this book a remarkable reference ... and will certainly change the way intermediate macroeconomics is taught.'' Rui Nuno Baleiras, Universidade Nova de Lisboa
`'Concise, user-friendly, up to date, reliable'' C. Tsoukis, University of Hull
`'An excellent text: comprehensive and packed with good material. The learning curve is steep but rewarding.'' C. Lawson, University of Bath
`'The layout is excellent and the coverage broad.'' S. C. Parker, Brunel University
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Descripción Oxford University Press, 1993. Paperback. Estado de conservación: New. book. Nº de ref. de la librería M0198773064