Advanced Macroeconomics(Romer 4th edition).pdf

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1、AnIntroductiontotheStudyofMacroeconomicsatanAdvancedLevelFourthEditionThefourtheditionofRomersAdvancedMacroeconomicspresentsthemajortheoriesconcerningthecentralquestionsofmacroeconomics.Inareasrangingfromeconomicgrowthandshort-runuctuationstothenaturalrat

2、eofunemploymentand
scalpolicy,formalmodelsareAdvAncedmAcroeconomicsusedtopresentandanalyzekeyideasandissues.Thetheoreticalanalysisissupplementedbyexamplesofrelevantempiricalwork,illustratingthewaysthattheoriescanbeappliedandtested.Thebookhasbeenrevisedmore

3、extensivelythaneverbefore.Therearechangesthroughouttoincorporatenewresearch,eliminateinessentialmaterial,andfurtherimprovethepresentation.FourthKeyrevisionsinclude:EditionTherearenowseparatechaptersonendogenousgrowth(Chapter3)andcross-countryincomedifferen

4、ces(Chapter4).Chapter3includesacarefulpresentationofPaulRomersnow-classicmodelofendogenoustechnologicalchange,andChapter4takesthereadertothefrontiersofempiricalresearchontheunderlyingsourcesoftheenormousdifferencesinstandardsoflivingamongcountries.Chapters

5、6and7onshort-runuctuationswhenpricesarenotfullyexiblehavebeencompletelyredone.Theanalysisisgroundedinmicroeconomicfoundationsfromtheoutset.Thechaptersbuildfromsimplemodelstothecanonicalthree-equationnewKeynesianmodel(thenewKeynesianIScurve,thenewKeynesia

6、nPhillipscurve,andaninterest-raterule)andAdvAncedtheingredientsofmoderndynamicstochasticgeneral-equilibriummodelsofuctuations.TherevisionstoChapters6and7carryovertotheanalysisofmonetarypolicyinChapter11.Thischapterhasbeenentirelyreorganizedandincludesacar

7、efultreatmentofoptimalpolicymAcroeconomicsinforward-lookingmodels.MDDALIM#11318132/9/11Anepiloguedescribessomeofthemainissuesthatthe
nancialandmacroeconomiccrisisthatbeganin2008raisesformacroeconomicsanddiscusseshowthecrisismaychangethe
eld.Formoreinformat

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