Macroeconomics: A European Perspective, 4th edition

Published by Pearson (May 12, 2021) © 2021

  • Olivier Blanchard
  • Alessia Amighini Bocconi University Milan, Italy
  • Francesco Giavazzi Bocconi University, Milan Italy
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Develop a unified view of the latest global macroeconomic events, connecting the short, medium and long run

Macroeconomics: A European Perspective, 4th edition, by Blanchard, Amighini and Giavazzi, is based on the best-selling US text by Blanchard and presents an integrated, global view of macroeconomics, showing the connections between goods markets, financial markets, and labour markets worldwide.
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. It will help you make sense not only of current macroeconomic events but also those that may unfold in the future.

This is an essential text for students studying Macroeconomics at intermediate level.

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  • CORE Introduction
  • 1. A tour of the world
  • 2. A tour of the book
  • 3. The goods market
  • 4. Financial markets
  • 5. Goods and financial markets: the IS-LM model  
  • 6. Financial markets II: the extended IS-LM model 
  • 7. The labour market
  • 8. The Phillips curve, the natural rate of unemployment and inflation
  • 9. From the short to the medium run: the IS-LM-PC model
  • 10. The COVID economic crisis
  • 11. The facts of growth
  • 12. Saving, capital accumulation and output
  • 13. Technological progress and growth
  • 14. The challenges of growth
  • 15. Financial markets and expectations
  • 16. Expectations, consumption and investment
  • 17. Expectations, output and policy  The open economy
  • 18. Openness in goods and financial markets
  • 19. The goods market in an open economy
  • 20. Output, the interest rate and the exchange rate
  • 21. Exchange rate regimes  Back to policy
  • 22. Should policy makers be restrained?
  • 23. Fiscal policy: a summing up
  • 24. Monetary policy: a summing up
  • 25. Epilogue: the story of macroeconomics
  • Appendix 1 An introduction to national income and product accounts
  • Appendix 2 A maths refresher
  • Appendix 3 An introduction to econometrics
  • Glossary
  • Symbols used in this book  

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