Macroeconomics, Global Edition, 9th edition

Published by Pearson (November 24, 2025) © 2026

  • Olivier Blanchard
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Title overview

Macroeconomics presents an integrated, global view of the subject, and highlights the connections between goods, financial, and labor markets worldwide. A core section focuses on short-, medium-, and long-run markets while 2 extensions offer more in-depth coverage of the issues at hand.

From the inflation burst following Covid-19, to the likely effects of AI on growth and inequality, the 9th Edition helps you make sense of current events and those that may unfold in the future. It effectively conveys the life of macroeconomics today, and helps you employ and develop your analytical and evaluative skills.

Table of contents

PART I: INTRODUCTION

  1. 1. A Tour of the World
  2. 2. A Tour of the Book

PART II: THE SHORT RUN

  1. 3. The Goods Market
  2. 4. Financial Markets I
  3. 5. Goods and Financial Markets; The IS-LM Model
  4. 6. Financial Markets II

PART III: THE MEDIUM RUN

  1. 7. The Labor Market
  2. 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation
  3. 9. Putting All Markets Together: From the Short to the Medium Run

PART IV: THE LONG RUN

  1. 10. The Facts of Growth
  2. 11. Saving, Capital Accumulation, and Output
  3. 12. Technological Progress and Growth
  4. 13. The Challenges of Growth
  5. EXTENSIONS

PART V: EXPECTATIONS

  1. 14. Financial Markets and Expectations
  2. 15. Expectations, Consumption, and Investment
  3. 16. Expectations, Output, and Policy

PART VI: THE OPEN ECONOMY

  1. 17. Openness in Goods and Financial Markets
  2. 18. The Goods Market in an Open Economy
  3. 19. Output, the Interest Rate, and the Exchange Rate
  4. 20. Exchange Rate Regimes

PART VII: BACK TO POLICY

  1. 21. Should Policy Makers Be Restrained?
  2. 22. Fiscal Policy: A Summing Up
  3. 23. Monetary Policy: A Summing Up
  4. 24. Epilogue: The Story of Macroeconomics

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