Macroeconomics: Imperfections, Institutions, and Policies

I bought this book in order to move on from the historically more dominant IS-LM analsis which dominated my time at University.Overall, the book is very comprehensive and has stretch elements which are useful. It does suffer from being too comprehensive with several obscure proofs that can be skipped as unnecessary. Some of the more obscure bits would be better in Appendix sections so that the reader can get through the core quicker.I particularly liked the New Keynesian Micro foundations section (it is a bit tricky), but I wanted to argue with at least some of its bolder assumptions. The sections on growth are good, but my, they are over notated! Much of the nitpicky growth proofs are not necessary either.The text style is somewhat heavy going/clunky - it was not, to be honest, an easy read and is probably over verbose in places and is certainly over notated. To be honest I had to keep refreshing myself as to the definitions of certain symbols etc. as I read through sections, which is not good. Readability is my main criticism of this book.As several other reviewers have noted, the authors do not challenge the New Keynesian synthesis, and that is sort of a drawback. It also has very little analysis on target setting and the dangers associated with targeting policy on an ill defined/determined metric such as Full Employment GDP. In reality, this is not a known term, and the various transition mechanisms discussed did not really get into that - it just assumed the policy maker had magically picked the right target amounts - which is never the case.Well worth reading, but not as an introductory work - I would still do intermediate IS-LM as a first step, and then augment with this 3 equation approach.NB a newer version is out and therefore more current in terms of discussion topics and examples - I would go for that if you have the choice!

There is a more recent edition

Provide some good introduction to modern macroeconomics

Arrived well on time, and also in good condition as specified at a reasonable price. Very much fit for purpose.Very much needed textbook along side my studies when learning Advanced Macroeconomics

Great condition!

Good quality

its really good

This book helps me a lot on my study. And it is much cheaper here than in the school's bookstore!

本書は学部上級向けの中級のマクロ経済学のテキストである。特徴は何と言っても、NK（New Keynesian）モデルに基づいて、マクロ経済学を統一的に説明しようとする視点である。この試みは、非常に意欲的であり、それだけでも五つ星。もくろみ通りNKモデルですべて説明できたかとなると疑問点もあるが、めざす方向は良い。 IS-LM図からIS-MP-PC図による分析が今後は入門的なマクロ経済学でも主流になってくるのではないかと期待される。

I do like the product

Very fantastic and superb book I have purchased from amazon. I really love this book. I will always recommend it to others.

Excelent book, but nota easy to understand

This book is great for those who are looking for to understand a little more of macroeconomics world. Very good