Taylor's Macroeconomics 3/e

Macroeconomics, 3/e

John B. Taylor, Stanford University

[Order a Sample Copy, Available November 2000]

Taylor's early presentation of the long-run perspective sets up the discussion of fluctuations as deviations from the long-run path. In this edition, the author has streamlined the discussion of economic fluctuations and the accompanying model, adding case studies along with policy implications.

Chapters 19 and 20 provide revised and streamlined discussions of the spending allocation model, employment and unemployment.
Content on money supply and inflation, previously found in two chapters, is now consolidated in Chapter 22, "Money and Inflation."
Responding to requests from instructors, Taylor added a new chapter to the Macro split called "Financial Markets" covering stocks, bonds, and foreign exchange markets.
A substantially updated and revised chapter on monetary policy (Chapter 27) keeps up with current events and monetary policy trends.
Chapter 21 now focuses more generally on productivity and economic growth rather than just technology and includes a new case study on growth accounting.
Eliminating the chapter on elasticity from the Macro split, Taylor introduces the concept of elasticity in Chapter 3 to provide background coverage.