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Macroeconomics. a European text

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This updated edition of a pioneering European macroeconomics text offers comprehensive coverage of intermediate macroeconomics, distinguishing itself from UK and US textbooks. Fully revised, it analyzes modern macroeconomics within a European and global context, emphasizing accessibility and clarity. The text presents competing approaches in a balanced manner, continually referencing real-world data and examples. Notably, it incorporates contemporary macroeconomic theories, emphasizing microeconomic foundations and intertemporal aspects, while swiftly transitioning to open economy analysis relevant to modern European economies. With a truly international perspective, the book provides students with timely examples and lively case studies from both European and global economic scenes. Written in a clear style, it guides students to the forefront of the subject. The second edition has been significantly updated to reflect the evolving macroeconomic environment, featuring two new chapters: one on classical general equilibrium and its relation to Keynesian models, and another on business cycles that balances sticky-price and real business cycle paradigms. Additional new material covers growth and unemployment theory, with retained chapters rewritten and updated. The text includes teaching aids such as chapter overviews, summaries, key concepts, end-of-chapter exercises, and suggestions for further reading, along with a range of