Contents
Foreword xvii
Preface and Acknowledgements xix
Chapter 1 : Introduction to Macroeconomics 1
Chapter 2 : National Income Accounts: The Toolbox for Macroeconomics 22
Chapter 3 : The Basic Keynesian Demand Model and the Hidden Cross 52
Chapter 4 : Economic Growth 75
Chapter 5 : Introduction to the Financial Sector: Bonds and Interest Rates 112
Chapter 6 : Money, Money Supply and the Banking System 129
Chapter 7 : The Demand for Money 157
Chapter 8 : The IS-LM Model: The Demand Side of the Economy 178
Chapter 9 : The IS-LM Model: Fiscal Policy and Compatibility with the Keynesian Model 196
Chapter 10 : Monetary Policy, the Policy Mix and Constraints on Policy-making 218
Chapter 11 : Consumption and Investment Demand 242
Chapter 12 : The Role of the Government and the Government Budget Balance 265
Chapter 13 : The Supply Side: A Complete Macroeconomic Model of the Economy 286
Chapter 14 : The Budget: Links to Unemployment, Inflation and the Debt Burden 315
Chapter 15 : The Open Economy 337
Chapter 16 : Capital Mobility 362
Chapter 17 : Determination of Exchange Rates in an Open Economy 386
Chapter 18 : Business Cycle Theory 411
Chapter 19 : The Labour Market as the Kingpin: The Various Schools of Macroeconomic Thought 434
Chapter 20 : Disaggregated Multi-sector Models for Industrial Nations and Developing Countries 466
Index 1-1