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This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States. For intermediate courses in economics. A unified view of the latest.

A tour of the world -- A tour of the book -- The goods market -- Financial markets I -- Goods and financial markets : the IS-LM model -- Financial markets II: the extended S-LM model -- The labor market -- The phillips curve, the natural rate of unemployment, and inflation -- From the short to the medium run : the IS-LM-PC model -- The facts of growth -- Saving, capital accumulation,and output -- Technological progress and growth -- Technological progress : the short, the medium, and the long run -- Expectations -- Financial markets and expectations -- Expectations, consumption, and investment -- Expectations, output, and policy -- Openness in goods and financial markets -- The goods market in an open economy -- Output, the interest rate, and the exchange rate -- Exchange rate regimes -- Should policy makers be restrained? -- Fiscal policy : a summing up -- Monetary policy : a summing up -- Epilogue: the story of macroeconomics.

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States. For intermediate courses in economics. A unified view of the latest.

"For intermediate courses in Economics. A Unified View of the Latest Macroeconomic Events In Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organised into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and three major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in the United States, to the problems of the Euro area and growth in China, the text helps students make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the 7th Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help students employ and develop their analytical and evaluative skills. "

Leading economists consider the shape and future of economic policy: Will it resume the pre-crisis consensus or contend with the post-crisis "new normal"? Have we made progress with addressing the major issues or does confusion remain in today's economic environment? Chapters address topics that range from the measurement of systemic risk to foreign exchange intervention.