Macroeconomics

Başlık:

Macroeconomics

Yazar:

Barro, Robert J.

ISBN:

9780471575436

9780471599531

Ek Yazar:

Barro, Robert J.

Edition:

4th ed.

Yayım Bilgisi:

New York : Wiley, 1993.

Fiziksel Tanım:

xxi, 599, 14 pages : illustrations ; 25 cm.

Konu Terimleri:

Macroeconomics.

Makroekonomi.

Mevcut:*

Library	Materyal Türü	Barkod	Yer Numarası	Durum
Searching... Pamukkale Merkez Kütüphanesi	Kitap	0104117	HB172.5 B36 1993	Searching... Unknown

Barro uses a unique market-clearing approach to analyze and explain macroeconomic theory. This edition has been reorganized to cover applications alongside the appropriate theory, focusing on the latest advances in economic growth. New software is included with the text.

Preface	p. xxiii
1 The Approach to Macroeconomics	p. 1
The Behavior of Output, Unemployment, and the Price Level in the United States	p. 2
Some Key Facts about U.S. Business Fluctuations	p. 8
The Approach to Macroeconomics	p. 22
A Note on Mathematics and Economic Reasoning	p. 32
Elements of National-Income Accounting	p. 33
Important Terms and Concepts	p. 50
Part 1 Microeconomic Foundations And The Basic Market-Clearing Model
2 Work Effort, Production, and Consumption--The Economics of Robinson Crusoe	p. 59
Production Technology	p. 60
Tastes for Consumption and Leisure	p. 64
Deciding How Much to Work	p. 70
Shifts in the Production Function	p. 72
Wealth Effects	p. 73
Substitution Effects for Work versus Consumption	p. 77
Combining the Wealth and Substitution Effects	p. 80
Summary	p. 83
Important Terms and Concepts	p. 84
Questions and Problems	p. 85
3 The Behavior of Households with Markets for Commodities and Credit	p. 91
The Commodity Market	p. 92
The Credit Market	p. 94
Budget Constraints	p. 94
Preferences for Consuming Now versus Later	p. 104
Choosing Consumption over Two Periods	p. 104
Wealth and Substitution Effects	p. 107
Choosing Work Effort at Different Dates	p. 111
Budget Constraints over Many Periods	p. 113
Choices over Many Periods	p. 117
Shifts in the Schedule for Labor's Marginal Product	p. 123
Summary	p. 124
Important Terms and Concepts	p. 125
Questions and Problems	p. 127
4 The Demand for Money	p. 133
The Nature of a Monetary Economy	p. 134
A Model of Optimal Cash Management	p. 137
Generalizations and Implications for Money Demand	p. 145
The Velocity of Money	p. 148
Empirical Evidence on the Demand for Money	p. 151
Money and Households' Budget Constraints	p. 154
Summary	p. 159
Important Terms and Concepts	p. 160
Questions and Problems	p. 161
5 The Basic Market-Clearing Model	p. 167
Aggregate-Consistency Conditions and the Clearing of Markets	p. 168
Clearing the Commodity Market	p. 172
The Quantity of Money Equals the Quantity Demanded	p. 177
General Market Clearing	p. 178
Supply Shocks	p. 179
Changes in the Stock of Money	p. 193
Changes in the Demand for Money	p. 197
Summary	p. 198
Important Terms and Concepts	p. 199
Questions and Problems	p. 200
6 The Labor Market	p. 207
Setup of the Labor Market	p. 208
The Demand for Labor	p. 209
Labor Supply and Consumption Demand	p. 213
Clearing of the Labor Market	p. 214
Clearing of the Commodity Market	p. 219
The Behavior of the Real Wage Rate	p. 223
Nominal Wage Rates	p. 227
The Labor Market in the Macroeconomic Model	p. 228
Summary	p. 229
Important Terms and Concepts	p. 230
Questions and Problems	p. 231
Part 2 Inflation
7 An Introduction to Inflation and Interest Rates	p. 237
Cross-Country Data on Inflation and Monetary Growth	p. 238
U.S. Time-Series Data on Inflation and Monetary Growth	p. 246
Actual and Expected Inflation	p. 248
Real and Nominal Interest Rates	p. 249
Summary	p. 263
Important Terms and Concepts	p. 263
Questions and Problems	p. 264
8 Money, Inflation, and Interest Rates in the Market-Clearing Model	p. 269
Incorporation of Inflation and Monetary Growth into the Model	p. 270
Market-Clearing Conditions	p. 275
The Superneutrality of Money	p. 276
Monetary Growth, Inflation, and the Nominal Interest Rate	p. 277
The Dynamics of Inflation	p. 286
Real Effects of Inflation	p. 294
Summary	p. 297
Appendix (optional): The Wealth Effects from the Monetary Terms	p. 298
Important Terms and Concepts	p. 300
Questions and Problems	p. 301
Part 3 Business Fluctuations, Unemployment, And Economic Growth
9 Investment and Real Business Cycles	p. 309
The Capital Stock and Investment in the United States	p. 310
Real GDP and Its Components during Recessions	p. 314
Capital in the Production Function	p. 316
Investment Goods and Consumer Goods	p. 318
Depreciation	p. 319
Characteristics of Existing Capital	p. 320
Investment Demand	p. 321
Investment and Households' Budget Constraints	p. 328
Clearing of the Commodity Market	p. 331
Real Business Cycles	p. 333
Summary	p. 344
Important Terms and Concepts	p. 346
Questions and Problems	p. 347
10 Unemployment	p. 351
A Model of Job Finding	p. 353
Job Separations	p. 357
Job Separations, Job Finding, and the Natural Unemployment Rate	p. 358
The Behavior of U.S. Unemployment Rates	p. 365
Summary	p. 383
Important Terms and Concepts	p. 384
Questions and Problems	p. 386
11 Economic Growth	p. 389
Changes in the Stock of Capital	p. 390
Convergence	p. 397
Population Growth	p. 398
Technological Progress	p. 399
Evidence from U.S. History	p. 403
Evidence on Convergence from the U.S. States and Regions of Western Europe	p. 406
Evidence on Convergence across Countries	p. 412
Recent Theories of Economic Growth (optional)	p. 418
Summary	p. 421
Important Terms and Concepts	p. 423
Questions and Problems	p. 424
Part 4 Government Behavior
12 Government Consumption and Public Services	p. 435
Data on Government Expenditures	p. 435
The Government's Budget Constraint	p. 440
Households' Budget Constraints	p. 443
Temporary Changes in Government Consumption	p. 444
Clearing of the Commodity Market	p. 446
Evidence from Wartime Experiences	p. 450
Permanent Changes in Government Consumption	p. 459
Summary	p. 462
Important Terms and Concepts	p. 463
Questions and Problems	p. 464
13 Taxes and Transfers	p. 471
Sources of Government Revenues in the United States	p. 472
Types of Taxes	p. 476
An Income Tax in the Theoretical Model	p. 481
A Change in the Tax Rate	p. 486
Transfer Payments	p. 498
Summary	p. 500
Important Terms and Concepts	p. 502
Questions and Problems	p. 503
14 The Public Debt	p. 509
The Behavior of the Public Debt in the United States and the United Kingdom	p. 510
Characteristics of Government Bonds	p. 515
The Government's Budget Constraint	p. 516
Public Debt and Households' Budget Constraints	p. 521
The Effect of a Deficit-Financed Tax Cut	p. 525
Open-Market Operations	p. 527
Why Does the Public Debt Matter?	p. 528
The Timing of Taxes	p. 532
The Conventional View of a Deficit-Financed Tax Cut	p. 534
Social Security and Saving	p. 540
Summary	p. 542
Important Terms and Concepts	p. 543
Questions and Problems	p. 545
Part 5 The International Economy
15 World Markets in Goods and Credit	p. 553
The United States as an Open Economy	p. 554
The Role of the International Credit Market	p. 564
Fiscal Policy in the World Economy	p. 575
The Terms of Trade	p. 582
Summary	p. 587
Important Terms and Concepts	p. 589
Questions and Problems	p. 590
16 Exchange Rates	p. 595
Different Monies and Exchange Rates	p. 596
Purchasing-Power Parity	p. 600
Interest-Rate Parity	p. 604
Fixed Exchange Rates	p. 607
Flexible Exchange Rates	p. 617
Purchasing-Power Parity under Flexible and Fixed Exchange Rates	p. 621
Exchange Rates and the Current-Account Balance	p. 629
Summary	p. 631
Important Terms and Concepts	p. 633
Questions and Problems	p. 635
Part 6 Interactions Between The Monetary Sector And The Real Sector
17 Financial Intermediation	p. 645
Checkable Deposits and M1	p. 645
Financial Intermediaries and the Credit Market	p. 648
The Federal Reserve System	p. 659
Effects of Federal Reserve Actions	p. 674
Summary	p. 683
Important Terms and Concepts	p. 684
Questions and Problems	p. 686
18 The Interplay Between Nominal and Real Variables -- What Is the Evidence?	p. 691
The Phillips Curve	p. 693
The Relationship between Unemployment and the Rates of Change of Wages, Prices, and Money--Long-Term Evidence for the United Kingdom and the United States	p. 696
Cross-Country Relations between Nominal and Real Variables	p. 701
The Cyclical Behavior of Money and the Price Level	p. 703
Does Money Affect the Economy, or Is It the Economy That Affects Money?	p. 711
Implications of the Evidence	p. 715
Summary	p. 715
Important Terms and Concepts	p. 717
Questions and Problems	p. 718
19 Money and Business Fluctuations in the Market-Clearing Model	p. 721
The Structure of a Model with Local Markets	p. 722
Imperfect Information about Money and the General Price Level	p. 730
Rules versus Discretion	p. 745
Summary	p. 750
Important Terms and Concepts	p. 751
Questions and Problems	p. 752
20 The Keynesian Theory of Business Fluctuations	p. 757
A Simple Keynesian Model	p. 758
Determination of Output in the Keynesian Model	p. 765
IS/LM Analysis and the Role of the Interest Rate	p. 774
Cyclical Properties of the Keynesian Model	p. 786
Sticky Prices and New Keynesian Economics	p. 792
Summary	p. 798
Important Terms and Concepts	p. 800
Questions and Problems	p. 803
Bibliography	p. 808
Glossary	p. 822
Author Index	p. 836
Subject Index	p. 840

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