European Macroeconomics

Front Matter....Pages i-viii
The Approach to Macroeconomics....Pages 1-30
The Economics of Robinson Crusoe....Pages 31-47
The Basic Budget Constraint and the Demand for Money....Pages 49-66
The Intertemporal Budget Constraint and the Demand for Credit....Pages 67-84
The Basic Market-Clearing Model....Pages 85-103
The Labour Market....Pages 105-116
World Markets in Goods and Credit....Pages 117-136
An Introduction to Inflation and Interest Rates....Pages 137-153
Money, Inflation, and Interest Rates in the Market-Clearing Model....Pages 155-172
Financial Intermediation....Pages 173-197
International Monetary Linkages....Pages 199-228
Investment and Real Business Cycles....Pages 229-252
Unemployment....Pages 253-278
Economic Growth....Pages 279-300
Government Purchases and Public Services....Pages 301-320
Taxes and Transfers....Pages 321-341
The Public Debt....Pages 343-367
Investment and Fiscal Policy in the World Economy....Pages 369-380
The Interplay between Nominal and Real Variables....Pages 381-395
Money and Business Fluctuations in the Market-Clearing Model....Pages 397-412
The Keynesian Theory of Business Fluctuations....Pages 413-437
Monetary Policies, Credibility and International Coordination....Pages 439-456
Back Matter....Pages 457-483