Macroeconomics (7th Edition)

DETAILS : 

• Author : Olivier Blanchard
  
• Publisher ‏ : ‎ Pearson India
  
• Publication date ‏ : ‎ January 1, 2019
  
• Language ‏ : ‎ English
  
• Paperback ‏ : ‎ 264 pages
  
• ISBN-10 ‏ : ‎ 9353945224
  
• ISBN-13 ‏ : ‎ 978-9353945220
  
• Item Weight ‏ : ‎ 900 g

ABOUT THE BOOK

Macroeconomics (7th Edition) by Olivier Blanchard is widely considered one of the most authoritative and well-structured textbooks in the field of economic science. Blanchard, a former Chief Economist of the International Monetary Fund (IMF), brings a unique blend of high-level policy experience and academic rigor to the text. The book is structured around the "core" and "extensions" approach: it first builds a solid foundation of the short, medium, and long run, and then applies these models to real-world issues like high debt, the role of expectations, and the complexities of open economies.

The 7th edition is particularly notable for its integration of the lessons learned from the 2008 global financial crisis. It moves beyond traditional models to explore how financial markets, liquidity traps, and banking regulations interact with broader macroeconomic goals. Using the IS-LM model and the AS-AD framework, Blanchard explains how fiscal and monetary policies can be used to stabilize an economy. The text is celebrated for its clarity, its use of "Focus" boxes that provide historical context, and its ability to make daunting mathematical models feel intuitive and relevant to current global events.

ABOUT THE AUTHOR

Olivier Blanchard is a world-renowned economist and the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics. He served as the Chief Economist of the IMF from 2008 to 2015, navigating the world through one of its most turbulent economic periods. A professor emeritus at the Massachusetts Institute of Technology (MIT), his research spans a wide range of topics, from the role of monetary policy to the nature of speculative bubbles. His ability to translate complex data into actionable policy advice has made him one of the most cited and influential economists of the 21st century.