This applications-oriented text is ideal for those seeking a hands-on approach to analyzing fiscal and monetary policy effects. Significantly updated, the third edition delves into the post-financial crisis economy, detailing the subprime crisis and subsequent monetary policies like quantitative easing, tapering, carry trades, CMOs, and monetization. With a more global perspective, it connects the Great Recession and US Monetary Policy to international capital flows and currency pegs. The Eurozone is revisited, examining its history, macroeconomic design challenges, and current state within the global macroeconomic context. The volume also addresses the "China syndrome," exploring the implications of slower growth in China for the global economy, while providing insights into India's unique supply-side approach to macro policy. New cases and media articles are included to relate theory to real-world scenarios and anticipate future global macro situations and policies. MBA and Executive MBA students who value monetary and fiscal analysis will find this text highly relevant. Additionally, financial analysts and individual investors seeking to demystify economic concepts and systematically assess macro policy impacts on inflation, output, employment, and interest rates will find it extremely beneficial.
