内容简介 · · · · · ·
Dornbusch, Fischer, and Startz has been a long-standing, leading intermediate macroeconomic theory text since its introduction in 1978. This revision retains most of the text's traditional features, including a middle-of-the-road approach and very current research, while updating and simplifying the exposition. This revision focuses on making the text even easier to teach from. The only pre-requisite continues to be principles of economics.
作者简介 · · · · · ·
RUDI DORNBUSCH (1942–2002) was Ford Professor of Economics and International Management at MIT. He did his undergraduate work in Switzerland and held a PhD from the University of Chicago. He taught at Chicago, at Rochester, and from 1975 to 2002 at MIT. His research was primarily in international economics, with a major macroeconomic component. His special research interests included the behavior of exchange rates, high inflation and hyperinflation, and the problems and opportunities that high capital mobility pose for developing economies. He lectured extensively in Europe and in Latin America, where he took an active interest in problems of stabilization policy, and held visiting appointments in Brazil and Argentina. His writing includes Open Economy Macroeconomics and, with Stanley Fischer and Richard Schmalensee, Economics.
STANLEY FISCHER is governor of the Bank of Israel. Previously he was vice chairman of Citigroup and president of Citigroup International, and from 1994 to 2002 he was first deputy managing director of the International Monetary Fund. He was an undergraduate at the London School of Economics and has a PhD from MIT. He taught at the University of Chicago while Rudi Dornbusch was a student there, starting a long friendship and collaboration. He was a member of the faculty of the MIT Economics Department from 1973 to 1998. From 1988 to 1990 he was chief economist at the World Bank. His main research interests are economic growth and development; international economics and macroeconomics, particularly inflation and its stabilization; and the economics of transition. http://www.iie.com/fischer
RICHARD STARTZ is Castor Professor of Economics at the University of Washington. He was an undergraduate at Yale University and received his PhD from MIT, where he studied under Stanley Fischer and Rudi Dornbusch. He taught at the Wharton School of the University of Pennsylvania before moving on to the University of Washington, and he has taught, while on leave, at the University of California–San Diego, the Stanford Business School, and Princeton. His principal research areas are macroeconomics, econometrics, and the economics of race. In the area of macroeconomics, much of his work has concentrated on the microeconomic underpinnings of macroeconomic theory. His work on race is part of a long-standing collaboration with Shelly Lundberg. http://www.econ.washington.edu/user/startz
Edition: 11
Publisher: McGraw-Hill
Year: 2010
Language: English
Pages: 640
Cover Page
Half Title Page
Other Books By
Title Page
Copyright Page
Dedication
About the Authors
Preface
Web Links for Further Exploration
Contents in Brief
Contents
PART 1 INTRODUCTION AND NATIONAL INCOME ACCOUNTING
1. INTRODUCTION
1-1 Macroeconomics Encapsulated in Three Models
1-2 To Reiterate . . .
1-3 Outline and Preview of the Text
1-4 Prerequisites and Recipes
2. NATIONAL INCOME ACCOUNTING
2-1 The Production of Output and Payments to Factors of Production
2-2 Outlays and Components of Demand
2-3 Some Important Identities
2-4 Measuring Gross Domestic Product
2-5 Inflation and Price Indexes
2-6 Unemployment
2-7 Interest Rates and Real Interest Rates
2-8 Exchange Rates
2-9 Where to Grab a Look at the Data
PART 2 GROWTH, AGGREGATE SUPPLY AND DEMAND, AND POLICY
3. GROWTH AND ACCUMULATION
3-1 Growth Accounting
3-2 Empirical Estimates of Growth
3-3 Growth Theory: The Neoclassical Model
4. GROWTH AND POLICY
4-1 Growth Theory: Endogenous Growth
4-2 Growth Policy
5. AGGREGATE SUPPLY AND DEMAND
5-1 The Aggregate Supply Curve
5-2 The Aggregate Supply Curve and the Price Adjustment Mechanism
5-3 The Aggregate Demand Curve
5-4 Aggregate Demand Policy under Alternative Supply Assumptions
5-5 Supply-Side Economics
5-6 Putting Aggregate Supply and Demand Together in the Long Run
6. AGGREGATE SUPPLY: WAGES, PRICES, AND UNEMPLOYMENT
6-1 Inflation and Unemployment
6-2 Stagflation, Expected Inflation, and the Inflation-Expectations-Augmented Phillips Curve
6-3 The Rational Expectations Revolution
6-4 The Wage-Unemployment Relationship: Why Are Wages Sticky?
6-5 From Phillips Curve to the Aggregate Supply Curve
6-6 Supply Shocks
7. THE ANATOMY OF INFLATION AND UNEMPLOYMENT
7-1 Unemployment
7-2 Inflation
7-3 The Anatomy of Unemployment
7-4 Full Employment
7-5 The Costs of Unemployment
7-6 The Costs of Inflation
7-7 Inflation and Indexation: Inflation-Proofing the Economy
7-8 Is a Little Inflation Good for the Economy?
7-9 Political Business Cycle Theory
8. POLICY PREVIEW
8-1 A Media Level View of Practical Policy
8-2 Policy as a Rule
8-3 Interest Rates and Aggregate Demand
8-4 Calculating How to Hit the Target
PART 3 FIRST MODELS
9. INCOME AND SPENDING
9-1 Aggregate Demand and Equilibrium Output
9-2 The Consumption Function and Aggregate Demand
9-3 The Multiplier
9-4 The Government Sector
9-5 The Budget
9-6 The Full-Employment Budget Surplus
10. MONEY, INTEREST, AND INCOME
10-1 The Goods Market and the IS Curve
10-2 The Money Market and the LM Curve
10-3 Equilibrium in the Goods and Money Markets
10-4 Deriving the Aggregate Demand Schedule
10-5 A Formal Treatment of the IS-LM Model
11. MONETARY AND FISCAL POLICY
11-1 Monetary Policy
11-2 Fiscal Policy and Crowding Out
11-3 The Composition of Output and the Policy Mix
11-4 The Policy Mix in Action
12. INTERNATIONAL LINKAGES
12-1 The Balance of Payments and Exchange Rates
12-2 The Exchange Rate in the Long Run
12-3 Trade in Goods, Market Equilibrium, and the Balance of Trade
12-4 Capital Mobility
12-5 The Mundell-Fleming Model: Perfect Capital Mobility under Fixed Exchange Rates
12-6 Perfect Capital Mobility and Flexible Exchange Rates
PART 4 BEHAVIORAL FOUNDATIONS
13. CONSUMPTION AND SAVING
13-1 The Life-Cycle–Permanent-Income Theory of Consumption and Saving
13-2 Consumption under Uncertainty: The Modern Approach
13-3 Further Aspects of Consumption Behavior
14. INVESTMENT SPENDING
14-1 The Stock Demand for Capital and the Flow of Investment
14-2 Investment Subsectors—Business Fixed, Residential, and Inventory
14-3 Investment and Aggregate Supply
15. THE DEMAND FOR MONEY
15-1 Components of the Money Stock
15-2 The Functions of Money
15-3 The Demand for Money: Theory
15-4 Empirical Evidence
15-5 The Income Velocity of Money
16. THE FED, MONEY, AND CREDIT
16-1 Money Stock Determination: The Money Multiplier
16-2 The Instruments of Monetary Control
16-3 The Money Multiplier and Bank Loans
16-4 Control of the Money Stock and Control of the Interest Rate
16-5 Money Stock and Interest Rate Targets
16-6 Money, Credit, and Interest Rates
16-7 Which Targets for the Fed?
17. POLICY
17-1 Lags in the Effects of Policy
17-2 Expectations and Reactions
17-3 Uncertainty and Economic Policy
17-4 Targets, Instruments, and Indicators: A Taxonomy
17-5 Activist Policy
17-6 Which Target?—A Practical Application
17-7 Dynamic Inconsistency and Rules versus Discretion
18. FINANCIAL MARKETS AND ASSET PRICES
18-1 Interest Rates: Long and Short Term
18-2 The Random Walk of Stock Prices
18-3 Exchange Rates and Interest Rates
PART 5 BIG EVENTS, INTERNATIONAL ADJUSTMENTS, AND ADVANCED TOPICS
19. BIG EVENTS: THE ECONOMICS OF DEPRESSION, HYPERINFLATION, AND DEFICITS
19-1 The Great Recession: Bubbles and Bust
19-2 The Great Depression: The Facts
19-3 The Great Depression: The Issues and Ideas
19-4 Money and Inflation in Ordinary Business Cycles
19-5 Hyperinflation
19-6 Deficits, Money Growth, and the Inflation Tax
19-7 Budget Deficits: Facts and Issues
19-8 Social Security
20. INTERNATIONAL ADJUSTMENT AND INTERDEPENDENCE
20-1 Adjustment under Fixed Exchange Rates
20-2 Exchange Rate Changes and Trade Adjustment: Empirical Issues
20-3 The Monetary Approach to the Balance of Payments
20-4 Flexible Exchange Rates, Money, and Prices
20-5 Interest Differentials and Exchange Rate Expectations
20-6 Exchange Rate Fluctuations and Interdependence
20-7 The Choice of Exchange Rate Regimes
21. ADVANCED TOPICS
21-1 An Overview of the New Macroeconomics
21-2 The Rational Expectations Revolution
21-3 The Microeconomics of the Imperfect Information Aggregate Supply Curve
21-4 The Random Walk of GDP: Does Aggregate Demand Matter, or Is It All Aggregate Supply?
21-5 Real Business Cycle Theory
21-6 A New Keynesian Model of Sticky Nominal Prices
21-7 Bringing It All Together
Appendix
Selected Historical Series on U.S. Gross Domestic Product and Related Series
Real Net Stock of U.S. Fixed Reproducible Tangible Wealth, 1929-2009
Selected International Macroeconomic Statistics
Glossary
Index
