Arnold, Lutz Makroökonomik. Eine Einführung in die Theorie der Güter-, Arbeits- und Finanzmärkte
4., überarb. A. 2012. 480 pages (est.). NöG — forthcoming in March 2012
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Lutz ArnoldMakroökonomikEine Einführung in die Theorie der Güter-, Arbeits- und Finanzmärkte
[Macroeconomics. An Introduction to the Theory of the Goods, Labor and Financial Markets. 4th revised edition.]Published in German. In this book, Lutz Arnold provides an introduction to the central macroeconomic phenomena: growth, unemployment, inflation, business cycles, financial market imperfections and financial crises. The author starts by explaining trend GDP from the supply side and then turns to business fluctuations taking the demand perspective. He describes monetary policy using the Taylor rule instead of the LM curve. The book contains a comprehensive treatment of financial markets, including topics such as credit rationing, financial fragility, bank runs, currency crises, banking crises, the efficient markets hypothesis and speculative bubbles.
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