内容简介

Book DescriptionIncorporating recent advances in modern macroeconomics， this fifth edition offers increased coverage of long-run analysis and a new treatment of US policy rules and price adjustment. The authors provide a thorough account of the Solow Growth Model， develop the insights of endogenous-growth theory， explain the role of fiscal and monetary policy in the long run， and present a structural look at unemployment. Having examined the US monetary system and the Fed's policy rule， and on fluctuations in inflation and output， the book goes on to discuss how the policy rule is integrated into the general model of the economy. Also available are a corresponding study guide， instructor's manual， and test-item file.
　　作者简介：
　　Robert E.Hall is professor of economics at Standford University and also Senior Fellow at the Hoover Institution. He received his B.A.from the University of California， Berkeley， and his Ph.D.from the Massachusetts Insititute of Technology. He taught at U.C.Berkely and at MIT before going to Stanford. Professor Hall is also chairman of the Business Cycles Dating Committee of the National Bureau for Economic Research， which maintains the official chronology of the U.S. business cycle.