John B. Taylor

Preface This Third Edition continues the philosophy of the two earlier ones of presenting modern macroeconomics at a level appropriate to the intermediate course. The many revisions were made largely to track important developments in the mainstream of macroeconomics. More than ever,...

Preface Many exciting—some say revolutionary—research developments occurred in macroeconomics in the 1970s and 1980s. Their influence is everywhere apparent in the discipline. In this book we have tried to capture the spirit and content of these developments, in a form that is manageable in...