Macroeconomics: Imperfections, Institutions and Policies, 1st Edition

Wendy Carlin, David W. Soskice

The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics.

This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behavior and policy issues. The authors introduce a new graphical model (IS/PC/MR) based on the 3-equation New Keynesian model used in modern macroeconomics.