Macroeconomics - Imperfections, Institutions, and Policies

Aims to provide a unified framework for the analysis of short- and medium-run macroeconomics. This book seeks to give students a model that they can use themselves to understand real-world macroeconomic behaviour and policy issues. It introduces a graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics.