Macroeconomics1993

"Macroeconomics: A European Text is a comprehensive and completely self-contained textbook which provides a modern treatment of the field. It differs from existing texts in four important aspects:" "First, it presents the "new" macroeconomics, a synthesis of the more traditional fixed price approach and the newer microeconomic foundations and intertemporal aspects which have been developed since the last generation of textbooks was designed." "Secondly, the book does not take the reader through the closed-economy detour. From the very beginning the economy is open. The role of exchange rates, income flows, capital movements and other international linkages is emphasized throughout." "Third, it is written from a European perspective. European countries, while different from one another,...