Macroeconomics by Olivier J. Blanchard
This comprehensive introduction to modern macroeconomics explains how economies behave over the short and long run by combining clear intuition with formal models; it develops core tools—such as aggregate demand and supply, IS-LM and AD-AS frameworks, and dynamic stochastic general equilibrium models—to analyze output, unemployment, inflation, growth, and business cycles, and shows how monetary and fiscal policy, expectations, and financial markets interact to shape macroeconomic outcomes, including implications for open economies and policy responses to crises.
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- American
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- Original Language
- English
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