This intermediate level textbook concentrates on macroeconomic analysis and is one of the first to focus on imperfectly competitive labour and product markets. The authors present a `new Keynesian' treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis. The book provides access both to the important applied work on unemployment, inflation, and external balances, and to the journal literature on major questions of economic policy and performance, especially in Western Europe, available to undergraduates and non-specialists for the first time.
`We ought to welcome this book. In The Netherlands it will be particularly suitable for doctoral students. After so many textbooks on this level assuming perfect competition, it is important to have this alternative. It presents a coherent view on macroeconomics, built on a clear-cut core.' De Economist `a very clear and well integrated presentation ... I warmly welcome the book and applaud the aims that it seeks to achieve. Overall, I think Carlin and Soskice have succeeded in those aims' British Journal of Industrial Relations `This is a very good text ... representative of the `new Keynesian' approach to macroeconomics ... to be welcomed.' Industrial Relations Journal `A most lucid and effective macroeconomic setting of modern theories of unemployment and inflation - excellent teaching material.' Dr P. Ryan, Cambridge University `good, clear sections with clear understandable explanations of theories, wth relevant applications' Ms L. Garley, Nene College
Number Of Pages: 494
Published: 4th October 1990
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 23.4 x 15.6 x 2.8
Weight (kg): 0.78