A Practical Guide to Macroeconomics By Jeremy B. Rudd
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- 323
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- 3.5 MB
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- Digital PDF
- Course
- Education
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- eBook[PDF]
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About this ebook
A Practical Guide to Macroeconomics by Jeremy B. Rudd addresses the distinct "gulf" between abstract academic theory and the pragmatic tools utilized by policy economists. Published by Cambridge University Press, the book structures its exploration of real-world macroeconomics across several core modules. [1]
Chapter-by-Chapter Core Topics
The book contains the following chapters and primary subject areas: [1]
- Chapter 1: Introduction: is macroeconomics useful? – Explores the baseline utility of macroeconomics and frames the disconnect between theoretical academic models and real-world policymaking.
- Chapter 2: Trends and cycles, shocks and stability – Examines aggregate economic fluctuations, structural stability, and how economic systems process internal and external shocks.
- Chapter 3: Determinants of aggregate spending and saving – Investigates what drives consumer and institutional spending alongside the underlying mechanics of savings behavior.
- Chapter 4: Production functions and growth accounting – Deconstructs aggregate value-added models and limitations found in conventional supply-side accounting.
- Chapter 5: The macroeconomics of 'the' labor market – Analyzes employment dynamics and challenges the standard frameworks used to evaluate nationwide labor forces.
- Chapter 6: Understanding US inflation dynamics – Digs deep into historical and modern pricing pressures, inflation regimes, and empirical flaws in baseline inflation forecasting models.
- Chapter 7: What does monetary policy do? – Outlines the tangible, real-world impact of central banking decisions, interest rate adjustments, and monetary intervention.
- Chapter 8: What does fiscal policy do? – Details the mechanics of government spending, public deficits, and taxation on the broader economy.
- Chapter 9: Conclusion: is (macro)economics useful? – Offers a final perspective on repairing the economics profession to ensure future academic research serves actionable public policy.
- Appendix: Miscellaneous notes on economic measurement – Provides a compact technical guide to navigating, interpreting, and avoiding pitfalls within U.S. macroeconomic statistics. [1, 2, 3, 4, 5, 6]
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