The main focus of this book, first published in 1977, is the construction and analysis of an integrated macroeconomic model. In this exercise, four main aspects are stressed that has not previously received adequate textbook attention. The 'intrinsic dynamics' of the macroeconomic system are emphasized, as well as developments in inflation theory, particularly pertaining to the role of inflationary expectations. In addition, several chapters are devoted to the international aspects of macroeconomics, and their thorough coverage makes this book especially relevant to countries that are heavily dependant on international trade. Several aspects of stabilization policy are also discussed in detail, and an introduction to optimal stabilization theory is also provided. The book is appropriate to advanced undergraduate and postgraduate courses in macroeconomics.
- ISBN13 9780521215206
- Publish Date 4 August 1977
- Publish Status Inactive
- Out of Print 26 November 2009
- Publish Country GB
- Imprint Cambridge University Press
- Format Hardcover
- Pages 384
- Language English