Die globale Ausrichtung der Makrookonomik ist der besondere Vorzug dieses Lehrwerks zweier weltberuhmter Volkswirte. Fur Grund- und Hauptstudium gleichermassen zu empfehlen. Aus dem Inhalt: Grundlegende Konzepte der Makrookonomik. Bestimmung des Outputs. Konsum und Sparen. Investition. Ersparnis. Investition und Leistungsbilanz. Der staatliche Sektor. Geldnachfrage. Der Geldangebotsprozess. Geld, Wechselkurse und Preise. Inflation. Makropolitik und Outputbestimmung in einer geschlossenen Volkswirtschaft. Makropolitik in der offenen Volkswirtschaft: feste Wechselkurse. Makropolitik in der offenen Volkswirtschaft: flexibel Wechselkurse. Inflation und Arbeitslosigkeit. Institutionelle Bestimmungsgrunde von Lohnen und Arbeitlsosigkeit. Zur Erklarung von Konjunkturzyklen. Langfristiges Wachstum. Theorie und Praxis der Wirtschaftspolitik. Finanzmarkte. Handelbare und nicht-handelbare Guter. Beendigung hoher Inflationen."

An accessible introduction to the basics of macroeconomics and how it affects the local and global economies. Macroeconomics takes a broad perspective on the economy of a country or region; it studies economic changes in the aggregate, collecting data on production, unemployment, inflation, consumption, investment, trade, and other aspects of national and international economic life. Policymakers depend on macroeconomists' knowledge when making decisions about such issues as taxes and the public budget, monetary and exchange rate policies, and trade policies-all of which, in turn, affect decisions made by individuals and businesses. This volume in the MIT Press Essential Knowledge series offers an introduction to the basics of macroeconomics accessible to the noneconomist. Readers will gain the tools to interpret such economic events as the 2008 financial meltdown, the subsequent euro crisis, and the current protectionist dynamics seen in some developed countries. The author, an academic economist and two-time Chilean Finance Minister, devotes a substantial part of his analysis to economic development, explaining why some countries achieve continuing economic growth while others become stagnant. He discusses the links between economic activity and employment; employment and unemployment rates; factors behind economic growth; money, inflation, and exchange rate systems; fiscal deficits; balance of payment crises; consumption and savings; investment decisions; fiscal policy; and the process of globalization and its macroeconomic implications.

Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty-first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development-including gender issues and the informal sector-and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.