“Really up-to-date…gives a fantastic overview of the financial crisis”

Fabian Kreutzer, University of Applied Science Niederrhein, Germany

“Extensive references to and content regarding crises. It’s really amazing”

Yioryos Georgios Makedonis, Queen Mary University of London

Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this fifth edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.

This book presents macroeconomics as an applied science designed to improve our understanding of current and past policy issues.

The unique mix of theory, analysis and policy issues takes students from macroeconomic basics to cutting-edge research topics

Includes case studies addressing major policy issues in detail, supported by a wealth of economic data 

Moves beyond standard intermediate macroeconomics content by discussing liquidity traps, quantitative easing, price bubbles, multiple equilibria, self-fulfilling prophecy, ratings agencies, debt brakes and austerity

Self quizzes, road map, glossary and other content also available for mobile devices

Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.

The full text downloaded to your computer

With eBooks you can:

eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps.

Upon purchase, you''ll gain instant access to this eBook.

Time limit

The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Dieses Lehrbuch behandelt die makroökonomische Rolle des Wechselkurses und des Wechselkurssystems. Es baut Studierenden eine Brücke zwischen den etablierten, aus dem Grundstudium vertrauten Werkzeugen der monetären Makroökonomik offener Volkswirtschaften und fortgeschritteneren Fragen und Modellen, die näher an der aktuellen Forschung stehen. Elementare Konzepte der monetären Aussenwirtschaft und das Mundell-Fleming-Modell werden in den ersten drei Kapiteln ausführlich behandelt. Nach dieser Grundsteinlegung führt das Buch über Standardmodelle der monetären Aussenwirtschaft (Dornbusch-Modell, Währungssubstitution und Vermögensbestandsansatz) und Themen wie Wechselkurszielzonen und Seifenblasen hin zu intertemporalen Gleichgewichtsmodellen und Erklärungen von Währungskrisen. Um den Zugang auch Lesern mit geringeren Vorkenntnissen zu ermöglichen, werden viele Ergebnisse formal, verbal und grafisch entwickelt.

“Really up-to-date…gives a fantastic overview of the financial crisis”

Fabian Kreutzer, University of Applied Science Niederrhein, Germany

“Extensive references to and content regarding crises. It’s really amazing”

Yioryos Georgios Makedonis, Queen Mary University of London

Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this fifth edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.

This book presents macroeconomics as an applied science designed to improve our understanding of current and past policy issues.

The unique mix of theory, analysis and policy issues takes students from macroeconomic basics to cutting-edge research topics

Includes case studies addressing major policy issues in detail, supported by a wealth of economic data 

Moves beyond standard intermediate macroeconomics content by discussing liquidity traps, quantitative easing, price bubbles, multiple equilibria, self-fulfilling prophecy, ratings agencies, debt brakes and austerity

Self quizzes, road map, glossary and other content also available for mobile devices

Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.

The full text downloaded to your computer

With eBooks you can:

eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps.

Upon purchase, you''ll gain instant access to this eBook.

Time limit

The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Dieses Lehrbuch behandelt die makroökonomische Rolle des Wechselkurses und des Wechselkurssystems. Es baut Studierenden eine Brücke zwischen den etablierten, aus dem Grundstudium vertrauten Werkzeugen der monetären Makroökonomik offener Volkswirtschaften und fortgeschritteneren Fragen und Modellen, die näher an der aktuellen Forschung stehen. Elementare Konzepte der monetären Aussenwirtschaft und das Mundell-Fleming-Modell werden in den ersten drei Kapiteln ausführlich behandelt. Nach dieser Grundsteinlegung führt das Buch über Standardmodelle der monetären Aussenwirtschaft (Dornbusch-Modell, Währungssubstitution und Vermögensbestandsansatz) und Themen wie Wechselkurszielzonen und Seifenblasen hin zu intertemporalen Gleichgewichtsmodellen und Erklärungen von Währungskrisen. Um den Zugang auch Lesern mit geringeren Vorkenntnissen zu ermöglichen, werden viele Ergebnisse formal, verbal und grafisch entwickelt.