Macroeconomics

This book covers excellent the german economic performance after worldwar 2. The economic system chosen and the implications of the policy chosen. It analyses the recovery and the outperformance after the war and shows the upcoming weaknesses of the German economy. Shortyly the reunification is mentioned and the economic implications of it. This book however is at this moment a bit dated as it doesn't tell the story of the last few years. Still the book shows what the structurual weaknesses (and strong points) are and it points forward towards the current bad economic performance. Recommended when interesting in an in depth analysis of the German economy.

This is a collection of Bordo's scholarly work on the Gold Standard. It's mostly academic in style and contains quite a lot which will be beyond the generalist reader. Also, there is little here that will be new for those who know the topic well.

What I did like was the introductary chapters which describe how the system worked at different times and also how differently its workings were percived amongst central figures at the time. I found this very useful since most texts would have you believe that the system was a smooth functioning and uniform entity. It obviously wasn't. Thank you MB for this valuable insight.

If you are looking for up-to-date reviews of various international macroeconomic topics, this book will probably have something to offer. It contains both the relevant theory and literature surveys on a wide range of subjects.

I will assign this book to my senior-level World Affairs class. It gives a timely and close-up look at both the structural causes of poverty and its human consequences. Jan Knippers Black integrates graphic detail with descriptions of larger trends. She has a good conceptual grasp of global trends and is not shy about directly linking poverty to the policies of corporations, national governments, and international financial institutions. Inequality in the Global Village is well written and organized in a way that will appeal to caring citizens.

This book is almost all a student of economics must have in order to face international economy with solid basis. However, it is only a first approach and it would be useful to consult other good texts like Appleyard & Field`s or even the Krugman ones which is quite elemental. If you try it, you won`t feel disappointed.

This book does a nice job of explaining the beginnings of what we now call "international political economy," but it's difficult to follow at times. In order to understand much of the book, you need an understanding of various economic theories, and the book, though it tries to explain some basic concepts, still relies heavily on terms that may not be clear to someone who is not familiar with economics and economic theory. Aside from that, however, the book is pretty clearly written.

The book is marvellous. It cover both continuous and discrete time monetary growth model. I use it as my reference in studying the exam. The math appendix is also brillant.

This textbook is quite a comprehensive of introductory macroeconomics. Great graphs, well-explained, carefully thought out. The one downside is that it is quite idealistic, as one would expect of a neo-classical economist. The author does not recognize flaws in the theories nor does he acknowledge that the real world is not so cut-and-dry and ordered as we would be led to believe. However, as stated before, this is a wonderful introductory text for anyone who wants to understand the economy today.

If you are interested in knowing how the I.M.F. thinks of the best way of managing the macro variables of the economy, this is your book. It is based on the classes tought to different countries officials and burocrats at the I.M.F. Institute. Thus, each chapter deals with each topic of the macroeconomics: current account sustainability, inflation-targeting regime, sustainable fiscal stance, long-term exchange rate determination and so on, i.e., the core of the Washington Consensus principles.

It is appropiate for undergraduates in economics as well as for any person interested in economics.

This book is not for lay people or even undergraduates. Not that it is all that technically demanding. Rather, it is unusual in its style and content. This text is a landmark in modern macroeconomics. It begins with a very simple model for the ideas of Thomas Malthus. It was the first to place the neoclassical growth model at center stage. It is the first place to discuss in print what later became known as Ricardian Equivalence. It was written at the very dawn of the rational expectations - market clearing revolution in macro, yet betrays a deeper understanding of those ideas than most contemporary texts.

It makes a radical break with IS-LM (regrettably entrenched for over 50 years) and proposes an alternative with the real interest rate (r) on one axis and the price level (P) on another. The M curve represents combinations of r and P consistent with equilibrium in the supply and demand for real balances. The Y curve represents combinations consistent of the same, consistent with market clearing for goods. The intersection of M and Y determine P and r. Real output does not appear on either axis because it is determined by the labor market. Sticky wages or prices can be (and are) incorporated into the model. I find the M-Y model much more natural than IS-LM with AD-AS.

Much of the discussion is built around a computer simulation model, probably long vanished, that reminds me of a deterministic version of a simple real business cycle model. Miller and Upton understood that a lot of macroeconomics can be explored within a spreadsheet, even though spreadsheets had yet to be invented!

Finally, the prose is rich and beautiful, reflecting the shining influence of the late Merton Miller, a wise and witty writer.