Advanced Macroeconomics: An Easy Guide

Abstract

The book does not shy away from technical inputs, but nor does it focus on them or make them the objective. For instance, we talk about the overlapping generations model, one of the key tools in macroeconomic analysis, but we do so because we are interested in seeing the impact of different pension systems on capital accumulation. In other words, the objective is understanding real-world problems that policymakers in macroeconomics face all the time, and developing a way of think- ing that helps students think through these (and many other) problems. Students need to learn the tools, because they allow them to think systematically about dynamic policy problems. As befits an easy/introductory guide, we have complemented each chapter with a selection of further readings for those that want to go deeper in any specific topic.