The only Intermediate Macroeconomics text to provide substantive content on the economic crisis.The current economic crisis is the worst since the Great Depression: the events themselves and the actions by the Fed and Treasury Department are equally unprecedented. Macroeconomics: Economic Crisis Update contains two brand-new chapters that directly address the crisis and present it in terms of the short-run models used in macroeconomics.
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Charles I. Jones (Ph.D. MIT, 1993) is the STANCO 25 Professor of Economics at the Stanford University Graduate School of Business and a Research Associate of the National Bureau of Economic Research. Professor Jones's main research contributions are to the study of long-run economic growth. In particular, he has examined theoretically and empirically the fundamental sources of growth in per capita income over time and the reasons underlying the enormous differences in standards of living across countries. In recent years, he has used his expertise in macroeconomic methods to study the economic causes behind the rise in health spending and longevity. He is the author of Introduction to Economic Growth, Second Edition, also published by W.W. Norton & Company.
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