This book surveys the imperfect-information approach to inflation and its real effects. Two types of informational limitation are considered. One involves situations in which individuals have asymmetric information about the current general price level and consequently confuse relative and aggregate changes in prices. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur, creating a temporary but persistent confusion between such changes. The author presents the arguments …

'This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book.' (Professor Jerome L. Stein, Brown University) From the reviews: 'In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual…

Introduction to Econometrics provides students with a simple mathematics notation and step-by step explanations of mathematical proofs to facilitate a thorough understanding of the subject. Extensive exercises throughout encourage students to apply the techniques, thus gaining confidence in what they have learnt. A complete teaching and learning package, this text is accompanied by an Online Resource Centre featuring resources for lectures and students such as a student guide, PowerPoint slides, instructors manual, additional exercises, and…

Do you want a book that provides an integrated view of macroeconomics? Olivier Blanchard helps students to see the big macroeconomic picture by integrating one unifying model throughout the text. Are you tired of macroeconomics texts that take too many shortcuts? Olivier Blanchard gives thorough treatment to many concepts that other books just skim over, with the understanding that students will use these tools throughout their academic and professional careers. Do you want a book that allows the greatest degree of flexibility …

Praised for its lively and engaging writing style, the 2nd edition of this truly European intermediate-level Macroeconomics text has been updated to include recent developments in the world of European Business. The author covers macroeconomic theory and uniquely applies it to issues affecting the European Union, whilst staying true to its rigorous policy-orientated appeal. This makes the text an ideal choice for all students wishing to expand their knowledge and challenge their understanding. The author is Professor of Economics at the …

This new macroeconomics book deals entirely with open economy macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. This book provides a new framework for understanding contemporary macroeconomics theory, policy and applications.

The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are BL the IS curve BL the Phillips curve and BL an interest rate-based monetary policy rule. The use of a common fram…

An original and interesting macroeconomics text. It is a self-contained volume which any student and teacher of economics within the higher education sector will find extremely useful.

The last twenty years have witnessed tremendous advances in the mathematical, statistical, and computational tools available to applied macroeconomists. This rapidly evolving field has redefined how researchers test models and validate theories. Yet until now there has been no textbook that unites the latest methods and bridges the divide between theoretical and applied work. Fabio Canova brings together dynamic equilibrium theory, data analysis, and advanced econometric and computational methods to provide the first comprehensive set of techni…

Pindyck and Rubinfeld now sells twice as many copies as its next closest competitor, making it by far the best-selling text in the market. Why? Our book is clearly written, accurate, and well loved by professos and their students. If you want a text that gives students a solid understanding for how microeconomics can be used outside of the classroom, this is the right book for you.