Table of contents for Macroeconomics : imperfections, institutions, and policies / Wendy Carlin and David Soskice.

Bibliographic record and links to related information available from the Library of Congress catalog.

Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.

1 Motivation for Macroeconomic Models
1 Output, unemployment, and inflation
2 Economic growth
PART ONE The Macroeconomic Model
2 Aggregate Demand, Aggregate Supply, and Business Cycles
1 Aggregate demand
2 The goods market: the IS curve
3 The money market: the LM curve
4 Putting together the IS and the LM
5 Aggregate supply
6 Supply side in the imperfect competition model
7 Aggregate demand and aggregate supply
8 Conclusions
3 Inflation, Unemployment, and Monetary Rules
1 Inflation and Phillips curves
2 Monetary rules and the 3-equation IS-PC-MR model
3 Inflation at the medium-run equilibrium
4 Inflation in the IS/LM model
5 Conclusions
4 Labour Markets and Supply-Side Policies
1 Supply-side structures, policies, and shocks
2 Factors that shift the WS and PS curves
3 Unions, wage-setting arrangements, and the ERU
4 Introduction to hysteresis: actual U affects the ERU
5 The Beveridge curve approach to unemployment
6 Conclusions
5 Monetary Policy
1 Inflation, disinflation, and de.ation
2 Monetary policy paradigms
3 The monetary policy rule in the 3-equation model
4 A Taylor Rule in the IS-PC-MR model
5 Problems withusing an interest rate rule
6 Credibility, time inconsistency, and rules versus discretion
7 Conclusions
6 Fiscal Policy
1 The automatic stabilizers
2 Discretionary fiscal policy
3 Deficits and debt
4 Monetizing the debt: seignorage and hyperinflation
5 Fiscal policy rules
6 Conclusions
PART TWO Consumption, Investment, and Money
7 Consumption and Investment
1 Consumption
2 Investment
3 Conclusions on consumption and investment
8 Money and Finance
1 Assets
2 Institutions
3 Information problems
4 Money supply and demand
5 Monetary transmission mechanisms and the role of.nance in propagating
6 Conclusions
PART THREE The Open Economy
9 The Open Economy in the Short Run
1 Opening the goods market
2 Opening financial markets
3 Fixed and flexible exchange rate regimes
4 Trade balance and balance of payments
5 Mundell¿Fleming model for the short run
6 Extensions
7 Conclusions
10 Inflation and Unemployment in the Open Economy
1 Inflation and unemployment in the open economy
2 Supply side in the open economy
3 Demand side and trade balance
4 The open economy model
5 Long-run equilibrium
6 Conclusions
11 Shocks and Policy Responses in the Open Economy
1 Fiscal, monetary, exchange rate, and supply-side policies
2 Aggregate demand shocks
3 Domestic supply shocks
4 External trade and supply shocks
5 Real wages in open and closed economies
6 Introduction to the economics of currency unions
7 Monetary rules in the open economy
8 Conclusions
12 Interdependent Economies
1 The 2-Bloc Model
2 International spillovers in the medium run
3 Interdependence in the Short and Medium Run: a simple model
4 EMU: a common currency area
5 Conclusions
13 Exogenous Growth Theory
1 Growthand the growth rate
2 The Solow¿Swan Model
3 Solow growth accounting: measuring the impact of technology
4 Technological progress in the Solow¿Swan model
5 Economic convergence
6 Welfare and the Golden Rule
7 *Extensions
8 Conclusions
14 Endogenous and Schumpeterian Growth
1 Endogenous growth theory
2 Schumpeterian growth models
3 Conclusions
PART FIVE Microfoundations and Political Economy
15 New Keynesian Microfoundations
1 Summary of the argument
2 The neoclassical benchmark model (NCBM)
3 Equilibrium output and involuntary unemployment
4 Disequilibrium (1): demand shocks and output response
5 Disequilibrium (2): Amplification and the dampening of demand shocks
6 Disequilibrium (3): Sustained disequilibrium and microfoundations of Phillips curves
7 Multiple equilibria
8 Hysteresis
9 Fairness and a range of equilibria
10 Conclusions
16 Political Economy
1 Monetary policy and time inconsistency: the problem of overambitious governments
2 Fiscal and monetary policy conflicts
3 *Reputation: Introduction to games of incomplete information
4 Voters
5 Games between interdependent economies
6 Conclusions
PART SIX Applications
17 Performance and Policy in Europe, the USA, and Japan
1 German unification, the collapse of ERM, and its aftermath
2 Macroeconomic policy within EMU
3 USA: the new economy boom and its aftermath
4 Japan: more than a decade of stagnation
5 Conclusions
18 Unemployment: Institutions, Shocks, and Policies
1 Labour market outcomes
2 Trends and cross-country variation in European unemployment
3 Trade, technology, and unemployment
4 Unemployment and EMU
5 Why is reform so difficult?
6 Conclusions

Library of Congress Subject Headings for this publication: