ADVANCED MACROECONOMICS

This undergraduate text concentrates on research macroeconomics and monetary economics in a series of models which students analyze to develop their understanding of relevant theories. Romer (U. of California, Berkeley) covers topics such as the Solow growth model, infinite-horizon and overlapping-generations models, new growth theory, real business-cycle theory, consumption, investment, inflation and monetary policy and budget deficits and fiscal policy. This edition includes substantial updates and the addition of materials on Keynsian theories, nominal stickiness, and the Mankiw- Reis model of price adjustment.