For intermediate economics courses. A unified view of recent macroeconomic events. 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 readers make sense of current events and those that may unfold in the future. It effectively conveys the life of macroeconomics today, and helps students employ and develop their analytical and evaluative skills.

 

“This is a truly outstanding textbook that beautifully marries theory, empirics and policy. It is surely destined to become the gold standard against which all other texts must be measured” Charles Bean, Deputy Governor, Bank of England.

 

This book gives students a thorough understanding of macroeconomics by taking a unified view of the subject, allowing connections to be made between the short, medium and long run.

 

Re-written almost from scratch in light of the experience of the Great Recession, this text is essential reading for anyone studying macroeconomics in the aftermath of the financial crisis.

 

 

The book has been re-written almost from scratch after a thorough re-think of how macroeconomics should be taught after the financial crisis. Among the new features:

 

·    The text recognizes that modern central banks set interest rates, not the quantity of money: this gets rid of the LM curve greatly simplifying the discussion of financial markets

·    Ii presents the Medium Run starting directly from the Phillips curve, thus avoiding the intermediate AS-AD step which was clunky, and, for good reasons, undergraduates find it difficult to understand.  Output above potential, or unemployment below the natural rate put upward pressure on inflation.  The nature of the pressure depends on the formation of expectations, an issue central to current developments

·    The yield curve now incorporates a risk premium, whose fluctuations have been central to the crisis, especially since Quantitative Easing policies have shown that monetary policy can affect this premium

 

Olivier Blanchard studied at the University of Paris, Nanterre, and has taught at MIT since 1983. He was chief economist at the International Monetary Fund from 2008 to 2015. He is now a Senior Fellow at the Peterson Institute for International Economics.

Francesco Giavazzi is Professor of Economics at Bocconi University in Milan, and has been a regular Visiting Professor at MIT

Alessia Amighini is Assistant Professor of Economics at Universita’ del Piemonte Orientale (Novara)

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.

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.

For intermediate economics courses. A unified view of recent macroeconomic events. 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 readers make sense of current events and those that may unfold in the future. It effectively conveys the life of macroeconomics today, and helps students employ and develop their analytical and evaluative skills.

 

“This is a truly outstanding textbook that beautifully marries theory, empirics and policy. It is surely destined to become the gold standard against which all other texts must be measured” Charles Bean, Deputy Governor, Bank of England.

 

This book gives students a thorough understanding of macroeconomics by taking a unified view of the subject, allowing connections to be made between the short, medium and long run.

 

Re-written almost from scratch in light of the experience of the Great Recession, this text is essential reading for anyone studying macroeconomics in the aftermath of the financial crisis.

 

 

The book has been re-written almost from scratch after a thorough re-think of how macroeconomics should be taught after the financial crisis. Among the new features:

 

·    The text recognizes that modern central banks set interest rates, not the quantity of money: this gets rid of the LM curve greatly simplifying the discussion of financial markets

·    Ii presents the Medium Run starting directly from the Phillips curve, thus avoiding the intermediate AS-AD step which was clunky, and, for good reasons, undergraduates find it difficult to understand.  Output above potential, or unemployment below the natural rate put upward pressure on inflation.  The nature of the pressure depends on the formation of expectations, an issue central to current developments

·    The yield curve now incorporates a risk premium, whose fluctuations have been central to the crisis, especially since Quantitative Easing policies have shown that monetary policy can affect this premium

 

Olivier Blanchard studied at the University of Paris, Nanterre, and has taught at MIT since 1983. He was chief economist at the International Monetary Fund from 2008 to 2015. He is now a Senior Fellow at the Peterson Institute for International Economics.

Francesco Giavazzi is Professor of Economics at Bocconi University in Milan, and has been a regular Visiting Professor at MIT

Alessia Amighini is Assistant Professor of Economics at Universita’ del Piemonte Orientale (Novara)

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.

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.