Macroeconomics
by Barro, Robert J.
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The author presents the market-clearing approach as a general method for analyzing real-world macroeconomic problems. The stress on this approach means that the book is not a "ballanced" treatment of alternative macroeconomic models. There is no book-and probably could be none of substance-that is balanced in this respect. Although he deals in a serious manner with the Keynesian model, he does not use the Keynesian framework for most of the analyses of economic events or policies. The Keynesian theory is an advance topic that involves specific assumptions about the ways that private markets malfunction. The nature of these malfunctions and the special features of the Keynesian model cannot be fully understood and appreciated until the market-clearing analysis has been worked out.
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Macroeconomics: A Modern Approach
January 3, 2007, South-Western College Pub
Hardcover
in English
- 1 edition
0324178107 9780324178104
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Book Details
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Includes bibliographical references (p. [808]-821) and indexes.
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- Created April 1, 2008
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