Takes an open economy approach to macroeconomics, and includes macro theory at work in Russia, Poland and Bolivia.* a focus throughout the book on the global economy and the international aspects of macroeconomics recognizes that all economies in the world are linked through international markets for goods, services, and capital. Open-economy models are used throughout the book. * the ways that countries differ in their important macroeconomic institutions (such as in the patterns of wage setting) are carefully examined, and then those institutional differences are related to observed differences in macroeconomic performance. * recent advances in macroeconomic theory are covered, particularly regarding the role of expectations; the intertemporal choices of households, firms, and the government; and the modern theory of economic policy, including the problems of time consistency and international policy coordination. * boxed features examine topics of interest including "Social Security and Saving", "The Central Bank and Politics", "Currency Convertibility", "The Sacrifice Ratio and the Reagan Disinflation", and "Social Development and the Debt Crisis". * each chapter concludes with a Summary, Key Concepts, and Problems and Questions.
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Book Description
Editorial Reviews
From the Publisher
Takes an open economy approach to macroeconomics, and includes macro theory at work in Russia, Poland, and Bolivia.
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More About the Author
Jeffrey D. Sachs is the Director of the Earth Institute at Columbia University and Special Advisor to United Nations Secretary-General Kofi Annan on the Millennium Development Goals. He is internationally renowned for his work as an economic adviser to governments around the world.
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful:
5.0 out of 5 stars
For thoose that have doughts about macroeconomics,
This review is from: Macroeconomics in the Global Economy (Paperback)
This was the book that invited me to study Macroeconomics. It is a text that, without losing the scientific rigor, appears simple and useful, simultaneously as deep and integral, without use of heavy mathematics, which normally invites students of the first courses to abandom the subject. I recommend it widely
Este es el libro que me invitó a estudiar la Macroeconomía. Es un texto, que sin perder el rigor cientifico, se presenta sencillo y útil a la vez que profundo e integral, sin el uso de elevadas matemáticas, que por lo regular invitan a abandonar el estudio a los alumnos de los primeros cursos. Lo recomiendo ampliamente.
5 of 9 people found the following review helpful:
5.0 out of 5 stars
a very good book to begin the macroeconomics study,
By Daniel Vercelli (Santiago, Chile) - See all my reviews
This review is from: Macroeconomics in the Global Economy (Paperback)
It's not a a book for some one who wants to become an expert in macroeconomics, but if you are a begginer, or if you want to have a macroeconomic book fpr further review, this is an excellent book.
5 of 13 people found the following review helpful:
5.0 out of 5 stars
The best when you are learning macroeconomics,
By A Customer
This review is from: Macroeconomics in the Global Economy (Paperback)
Is a very interesting book, specially for people who are studing in Latin America, like me.
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