This book is a valuable gift to both the academic discipline of macroeconomics, and the wider professional field. Authored by distinguished policy economists who also have tremendous practical expertise, we are incredibly proud to offer Advanced Macroeconomics: An Easy Guide to everyone at no cost.”

Professor Andrés Velasco, Dean of the School of Public Policy at LSE and co-author of the book, added: “Our textbook is designed to bridge the gap between advanced economic theory and practical application. It provides a rigorous treatment of salient economic issues in an accessible manner. We believe it should prove very useful to students, professors and practitioners alike”. Each chapter is accompanied by a number of guided exercises to support and then stretch students' analytical skills Focuses on how to use and analyze elementary models by steadily working through the mathematical derivations one step at a time, ensuring that students fully understand each progressionNew material on the long-run evolution of income shares and the capital-output ratio relating to the international debate on distribution and inequality

This is an excellent and highly rigorous yet accessible guide to fundamental macroeconomic frameworks that underpin research and policy making in the world. The content reflects the unique perspective of authors who have worked at the highest levels of both government and academia. This makes the book essential reading for serious practitioners, students, and researchers.” — Gita Gopinath (John Zwaanstra Professor of International Studies and of Economics at Harvard University, Chief Economist and Director of Research at the IMF)

Abstract

E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E60 - General This course teaches you (prototype versions of) macroeconomic models used to analyse key questions related to business cycles and economic growth. Examples are New Keynesian models, Real Business Cycle models, Overlapping Generations models, the Solow growth model, and first-generation endogenous growth models. Advanced Macroeconomics: An Easy Guide introduces the tools of dynamic optimisation in the context of economic growth, and then applies them to policy questions ranging from pensions, consumption, investment, and finance to the most recent developments in fiscal and monetary policy.