Başlık:
Macroeconomics
Yazar:
Barro, Robert J.
ISBN:
9780471575436
9780471599531
Ek Yazar:
Edition:
4th ed.
Yayım Bilgisi:
New York : Wiley, 1993.
Fiziksel Tanım:
xxi, 599, 14 pages : illustrations ; 25 cm.
Mevcut:*
Library | Materyal Türü | Barkod | Yer Numarası | Durum |
|---|---|---|---|---|
Searching... Pamukkale Merkez Kütüphanesi | Kitap | 0104117 | HB172.5 B36 1993 | Searching... Unknown |
Bound With These Titles
On Order
Özet
Özet
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.
Table of Contents
| 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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