Macroeconomics brings together up-to-date coverage of the ongoing economic
crisis and the concepts behind macroeconomics today into a teachable, coherent whole.
Today’s macroeconomics stresses the importance of monetary policy in the short run, and
the need to treat the Fed in a realistic way.
Macroeconomics uses the IS/MP model, and features the most modern treatment of
growth, with complete, accessible coverage of the Romer model.
Macroeconomics also includes complete coverage of the ongoing economic crisis,
with two full chapters of discussion and analysis, updated examples throughout the text,
and two brand new chapters on the “micro foundations” of macro (Consumption and
Investment) influenced by the crisis.
Charles I. Jones (Ph.D. MIT, 1993) is the STANCO 25 Professor of Economics at the
Stanford University Graduate School of Business and a Research Associate of the National
Bureau of Economic Research. Professor Jones's main research contributions are to the
study of long-run economic growth. In particular, he has examined theoretically and
empirically the fundamental sources of growth in per capita income over time and the
reasons underlying the enormous differences in standards of living across countries. In
recent years, he has used his expertise in macroeconomic methods to study the economic
causes behind the rise in health spending and longevity. He is the author of Introduction
to Economic Growth, Second Edition, also published by W.W. Norton & Company.
592 pages, Paperback