(eBook PDF) Macroeconomic Fluctuations and Policies by Edouard Challe – Digital Ebook – Instant Delivery Download

Product details:

• ISBN-10 ‏ : ‎ 0262039559
• ISBN-13 ‏ : ‎ 978-0262039550
• Author:  Edouard Challe, Susan Emanuel

This textbook presents the basic tools for analyzing macroeconomic fluctuations and policies and applies them to contemporary issues. It employs a unified New Keynesian framework for understanding business cycles, major crises, and macroeconomic policies, introducing students to the approach most often used in academic macroeconomic analysis and by central banks and international institutions. The book addresses such topics as how recessions and crises spread; what instruments central banks and governments have to stimulate activity when private demand is weak; and what “unconventional” macroeconomic policies might work when conventional monetary policy loses its effectiveness (as has happened in many countries in the aftermath of the Great Recession.).

The text introduces the foundations of modern business cycle theory through the notions of aggregate demand and aggregate supply, and then applies the theory to the study of regular business-cycle fluctuations in output, inflation, and employment. It considers conventional monetary and fiscal policies aimed at stabilizing the business cycle, and examines unconventional macroeconomic policies, including forward guidance and quantitative easing, in situations of “liquidity trap”—deep crises in which conventional policies are either ineffective or have very different effects than in normal time.

Table contents:

1. Introduction : from business-cycle measurement to macroeconomic theory
2. Aggregate demand
3. Aggregate supply
4. AS-AD equilibrium and the propagation of macroeconomic shocks
5. Unemployment fluctuations
6. Monetary policy
7. Fiscal policy
8. The liquidity trap
9. Unconventional monetary policies
10. Fiscal policy and structural reforms in a liquidity trap

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