Özet

Aimed at helping professionals, policymakers and students develop an understanding of the theories and realities of macroeconomics in Europe, this study introduces the essential theory of macroeconomics. It covers booms and recessions, money and exchange rates, aggregate supply and economic growth. It introduces the role of economic policy, and shows how the European monetary system works. It also contains discussion of inflation and central bank independence, budget deficits, unemployment and other critical issues.