B. Taylor, Stanford University
Hardcover 528 pages 0-618-10148-9
a Sample Copy, Available November 2000]
Go to the Student Textbook Site.
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.
19 and 20 provide revised and streamlined discussions of the spending
allocation model, employment and unemployment.
on money supply and inflation, previously found in two chapters, is
now consolidated in Chapter 22, "Money and Inflation."
to requests from instructors, Taylor added a new chapter to the Macro
split called "Financial Markets" covering stocks, bonds, and foreign
- A substantially
updated and revised chapter on monetary policy (Chapter 27) keeps up
with current events and monetary policy trends.
21 now focuses more generally on productivity and economic growth rather
than just technology and includes a new case study on growth accounting.
the chapter on elasticity from the Macro split, Taylor introduces the
concept of elasticity in Chapter 3 to provide background coverage.
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