TY - BOOK AU - Barbosa Fernando de Holanda TI - Macroeconomic theory: fluctuations, inflation and growth in closed and open economies T2 - Springer Texts in Business and Economics (STBE) SN - 978031701764 U1 - 339 PY - 2024/// CY - Cham PB - Springer KW - Macroeconomic KW - Fiscal policy N1 - Table of contents: Front Matter Pages i-xxi Download chapter PDF Growth Front Matter Pages 1-1 Download chapter PDF The Representative Agent Model Fernando de Holanda Barbosa Pages 3-28 The Open-Economy Representative Agent Model Fernando de Holanda Barbosa Pages 29-59 Overlapping Generations Fernando de Holanda Barbosa Pages 61-88 The Solow Model Fernando de Holanda Barbosa Pages 89-121 Endogenous Savings and Growth Fernando de Holanda Barbosa Pages 123-159 Fluctuation and Inflation Front Matter Pages 161-161 Download chapter PDF Keynesian Models: The IS and LM Curves, the Taylor Rule, and the Phillips Curve Fernando de Holanda Barbosa Pages 163-207 Fluctuation, Inflation, and Stabilization Fernando de Holanda Barbosa Pages 209-256 Open Economy Macroeconomics Fernando de Holanda Barbosa Pages 257-288 Fluctuation, Inflation, and Stabilization in an Open Economy Fernando de Holanda Barbosa Pages 289-327 Monetary and Fiscal Policies Front Matter Pages 329-329 Download chapter PDF Government Budget Constraint: Fiscal Policy and Pathologies Fernando de Holanda Barbosa Pages 331-362 Monetary Theory and Policy Fernando de Holanda Barbosa Pages 363-398 Back Matter Pages 399-487 Download chapter PDF [https://link.springer.com/book/10.1007/978-3-031-70177-1] N2 - Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy. Revised and updated, the second edition introduces a number of new topics, including the New Keynesian IS Curve, Real BusinessCycles, and the Consumption Asset Pricing Model, as well as updated end-of-chapter exercises. (https://link.springer.com/book/10.1007/978-3-031-70177-1) ER -