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Book De*ionIncorporating recent advances in modern macroeconomics， this fifth edition offers increased coverage of long-run ***ysis and a new treatment of US policy rules and price adjustment. The authors provide a thorough account of the Solow Growth Model， develop the insights of endogenous-growth theory， explain the role of fiscal and monetary policy in the long run， and present a structural look at unemployment. Having examined the US monetary system and the Fed's policy rule， and on fluctuati*** in inflation and output， the book goes on to discuss how the policy rule is integrated into the general model of the economy. Also available are a corresponding study guide， instructor's manual， and test-item file.

作者简介：

Robert E.Hall is professor of economics at Standford University and also Senior Fellow at the Hoover Institution. He received his B.A.from the University of California， Berkeley， and his Ph.D.from the Massachusetts Insititute of Technology. He taught at U.C.Berkely and at MIT before going to Stanford. Professor Hall is also chairman of the Business Cycles Dating Committee of the National Bureau for Economic Research， which maintains the official chronology of the U.S. business cycle.

1　INTRODUCTION

　1　Economic Growth and Fluctuati***

　1.1 Macroeconomics and Its Uses

　　1.2 Recent Macroeconomic Performance

　　　EMPLOYMENT

　　　INFLATION

　　　INTEREST RATES

　　1.3 Explaining Economic Growth and Fluctuati***: A Preview THE MODEL OF LONG-RUN GROWTH

　　　Growth Rates

THE MODEL OF FLUCTUATIONS

　　1.4 Currents of Thought in Macroeconomics

　　　How Did Today's Macroeconomists (~ome to Study Economics?

　　1.5 The Macroeconomic Model Used in This Book Review and Practice

　　　MAJOR POINTS

　　　KEY TERMS AND CONCEPTS

　　　QUESTIONS FOR DISCUSSION AND REVIEW

　　　PROBLEMS

　　　MACROSOLVE EXERCISES 24

　2　Measuring Economic Performance

　　2.1 Gross Domestic Product

　　2.2 Measuring GDP through Spending

　　　CONSUMPTION

　　　INVESTMENT

　　　GOVERNMENT

　　　PURCHASES

　　　IMPORTS AND EXPORTS

　　　THE RECENT

　　　COMPOSITION OF SPENDING

　　　Bringing Astronomical Numbers I)own to Eanh

WHICH SPENDING ITEMS SHOULD BE INCLUDED?

REAL GDP

Chain-Weighted GI)P

　　2.3 Measuring GDP through Production: Value Added

　　2.4 Measuring GDP through Income

　　2.5 Saving and Investment

　　　S***ING AND INVESTMENT IN AN OPEN ECONOMY

　　2.6 Transacti*** with the Rest of the World: The Balance of

　　　Payments Accounts and the Exchange Rate

　　　THE EXCHANGE RATE

　　2.7 Measuring Inflation

　　　PRICE INDEXES

　　　DEFLATORS 48

　　2.8 Measuring Employment and Wages

　　　HOURS PER WEEK AND TOTAL HOURS

　　Review and Practice

　　　MAJOR POINTS

　　　KEY TERMS AND CONCEPTS

　　　QUESTIONS FOR DISCUSSION AND REVIEW

　　　PROBLEMS

　　　MACROSOLVE EXERCISES

2　LONG-RUN FUNDAMENTALS

　Economic Growth

　　3.1 The Determinants of Economic Growth

　　　LABOR

　　　CAPITAL

　　　TECHNOLOGY

　　　THE PRODUCTION FUNCTION

　　3.2 Full Employment and Potential GDP

　　　THE DEMAND FOR LABOR

　　　THE SUPPLY OF LABOR

　　　FULL EMPLOYMENT

　　　POTENTIAL GDP

　　3.3 The Solow Growth Model

　　　S***ING AND BALANCED GROWTH

　　　THE EFFECT OF S***ING

　　　ON GROWTH

　　3.4 The Growth Accounting Formula

　　　NEW RESEARCH IN PllACI'lCl! Convergence or Dispersion of Per Capita Income Around the World?

　　　HISTORICAL GROWTH ACCOUNTING

　　　EXOGENOUS

　　　TECHNOLOGICAL CHANGE

　　3.5 Endogenous Growth Theory

　　　A PRODUCTION FUNCTION FOR TECHNOLOGY

　　　INCREASING

　　　THE LONG-RUN GROWTH RATE

　　3.6 Policies to Stimulate Growth

　　　NEYg: RESEARCH IN PARACTICE Enclogenot~s (;rowth Theory and h-tlernalional Trade Liberalization

　　　POLICIES TO IMPROVE TECHNOLOGICAL GROWTH AND PRODUCTIVITY

　　　POLICIES TO STIMULATE CAPITAL FORMATION

　　　POLICIES TO INCREASE LABOR SUPPLY

　　3.7 Wages and the Labor Productivity Slowdown

　　　THE LABOR PRODUCTIVITY SLOWDOWN

　　　……

3　ECONOMIC FLUCTUATIONS

4 MICROFOUNDATIONS OF MACROECONOMICS

5 MACROECONOMIC POLICY

Glossary

Index

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书籍介绍

Book Description

Incorporating recent advances in modern macroeconomics, this fifth edition offers increased coverage of long-run ***ysis and a new treatment of US policy rules and price adjustment. The authors provide a thorough account of the Solow Growth Model, develop the insights of endogenous-growth theory, explain the role of fiscal and monetary policy in the long run, and present a structural look at unemployment. Having examined the US monetary system and the Fed's policy rule, and on fluctuati*** in inflation and output, the book goes on to discuss how the policy rule is integrated into the general model of the economy. Also available are a corresponding study guide, instructor's manual, and test-item file.

Book Dimension

length: (cm)24.4 　　　 　　　　　 　　　　　 width:(cm)17.9