Macroeconomics

Develop a unified view of the latest global macroeconomic events, connecting the short, medium, and long-run markets. Macroeconomics: A European Perspective, 4th edition by Blanchard, Amighini & Giavazzi, offers the European perspective based on the best-selling US text by leading author Olivier Blanchard, presenting an integrated, global view of macroeconomics, and showing the connections between goods markets, financial markets, and labour markets worldwide. An essential textbook for students studying Macroeconomics at an intermediate level, this is a book rooted in the real world: from the major economic crisis of the late 2000s to the profound economic effects caused by the COVID-19 pandemic, from monetary policy in the US to Brexit, the problems of the Euro area, and growth in China, this edition will help you make sense not only of current macroeconomic events but also those that may unfold in the future. Key features include: - A new chapter 'The COVID economic crisis' examines the economic impact of the COVID-19 pandemic. - A new appendix, 'What do macroeconomists do?', explores career options for those thinking about taking their Macroeconomics study further. - Organised into two distinct parts: a core section focuses on short, medium, and long-run markets, and two extensions offer more in-depth coverage of the issues. - Margin notes help re-create a student-teacher dialogue, further explaining more challenging concepts. - Focus boxes discuss real macroeconomic events and facts from Europe, the United States, and around the world. With a series of features and digital resources to help you cement your learning, this is a must-have textbook on the European perspective reflecting all major contemporary changes in the field. Also available with MyLab® Economics MyLabis the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLabEconomics personalises the learning experience and improves results for each student. If you would like to purchase both the physical text and MyLab® Economics, search for: 9781292360966 Macroeconomics: A European Perspective Paperback, 4th Edition plus MyLab Economics with Pearson eText. Package consists of: - 9781292360898 Macroeconomics: A European Perspective Paperback, 4th Edition - 9781292360935 Macroeconomics: A European Perspective Paperback, 4th Edition MyLab® Economics - 9781292360973 Macroeconomics: A European Perspective Paperback, 4th Edition Pearson eText MyLab® Economics is not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Olivier Blanchard studied at the University of Paris, Nanterre, and has taught at the Massachusetts Institute of Technology since 1982. He was Chief Economist at the International Monetary Fund between 2008 and 2015. He is currently the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics in Washington. He also remains Robert M. Solow Professor of Economics Emeritus. Francesco Giavazzi is a Professor of Economics at Bocconi University in Milan and has been a visiting professor at the Massachusetts Institute of Technology for over a decade, where he teaches a course on Macroeconomics to Undergraduate students based on this textbook. Alessia Amighini is an associate professor of Economics at Universita del Piemonte Orientale in Novara, Italy, and an adjunct professor of international economics at the Catholic university in Milan.

CORE Introduction- A tour of the world- A tour of the book- The goods market- Financial markets- Goods and financial markets: the IS-LM model- Financial markets II: the extended IS-LM model- The labour market- The Phillips curve, the natural rate of unemployment and inflation- From the short to the medium run: the IS-LM-PC model- The COVID economic crisis- The facts of growth- Saving, capital accumulation and output- Technological progress and growth- The challenges of growth- Financial markets and expectations- Expectations, consumption and investment- Expectations, output and policy The open economy- Openness in goods and financial markets- The goods market in an open economy- Output, the interest rate and the exchange rate- Exchange rate regimes Back to policy- Should policy makers be restrained?- Fiscal policy: a summing up- Monetary policy: a summing up- Epilogue: the story of macroeconomicsAppendix 1 An introduction to national income and product accountsAppendix 2 A maths refresherAppendix 3 An introduction to econometricsGlossarySymbols used in this book