Skip navigation

Bookboon.com Download free eBooks and textbooks

Choose a category

A Guided Tour through Euro Area Economics

Basics – Methods – Applications

A Guided Tour through Euro Area Economics
Not enough reviews yet
ISBN: 978-87-403-1513-4
2 edition
Pages : 382
  • Price: 129.00 kr
  • Price: €13.99
  • Price: £13.99
  • Price: ₹250
  • Price: $13.99
  • Price: 129.00 kr
  • Price: 129.00 kr

Download for FREE in 4 easy steps...

We are terribly sorry, but in order to download our books or watch our videos, you will need a browser that allows JavaScript.
After entering your email address, a confirmation email will be sent to your inbox. Please approve this email to receive our weekly eBook update. We will not share your personal information with any third party.
eLib
Unlock your organization's learning potential
See Demo

Corporate eLibrary

Discover our employee learning solutions

This is a Premium eBook

Bookboon Premium - Gain access to over 800 eBooks - without ads

You can get free access for a month to this - and 800 other books with the Premium Subscription. You can also buy the book below

  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: €5.99 p/m
  • Start a 30-day free trial. After trial: £4.99 p/m
  • Start a 30-day free trial. After trial: ₹299 p/m
  • Start a 30-day free trial. After trial: $3.99 p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
eLib
Unlock your organization's learning potential
Click here!

Corporate eLibrary

Discover our employee learning solutions

About the book

  1. Description
  2. Preface
  3. Content

Description

This book provides a very didactical and easy-to-read introduction to contemporary macroeconomics. The text covers the basic concepts and methods used in this field in an integrated manner . Theoretical considerations are consistently supported by real-world examples, various exercises and multiple choice equations. Special focus is given to various key aspects of the euro area economy.

Preface

This book is meant to represent a companion publication to the earlier and more basic book entitled “Fundamentals of monetary policy in the euro area” insofar as it covers topics that are more of a macroeconomic nature. Given the strong empirical focus that macroeconomics has witnessed over the last decades, the book aims at supplementing the basic concepts with a number of real-world examples conducted with adequate econometric tools.

Part I is meant to provide the reader with the basics. The key concepts are defined and some simple analysis is carried out in verbal and graphical form.

Part II takes some selected issues up and makes an attempt to dig deeper into the relevant issues. In particular, the institutional foundations of the European Economic and Monetary Union (EMU) are summarised and the process of European monetary integration is described in more detail. Additional topics are price indices and inflation, measures of real economic activity and unemployment.

Content

  1. Introduction and Motivation
  2. Understanding Economics
    1. Learning Objectives
    2. Basic Concepts
    3. Microeconomics and Macroeconomics
    4. Ex Ante and Ex Post Analysis
    5. A Short History of Economics
    6. Some Key Macroeconomic Variables
    7. Some Key Macroeconomic Issues
    8. Summary
  3. A Look into the Tool Box
    1. Learning Objectives
    2. Models
    3. Types of Analysis
    4. Analysis of Supply and Demand
    5. Complementary and Substitute Goods
    6. Slope and Elasticity
    7. Summary
  4. National Income Accounting
    1. Learning Objectives
    2. Accounting Conventions
    3. Nominal and Real GDP
    4. GDP and Welfare
    5. A Circular Flow Analysis
    6. Summary
  5. The Market for Goods
    1. Learning Objectives
    2. Basic Considerations
    3. The Consumption Function
    4. The Investment Function
    5. Equilibrium in the Market for Goods
    6. The Investment Multiplier
    7. The Government Multiplier
    8. The IS Curve
    9. Unravelling the Secrets of the Twin Deficits
    10. Summary
  6. The Money Market
    1. Learning Objectives
    2. Basic Considerations
    3. Institutional Background of Euro Area Monetary Policy
    4. Money Supply
    5. Money Demand
    6. Equilibrium in the Money Market
    7. Summary
  7. The IS-LM-Model
    1. Learning Objectives
    2. Equilibrium in the Goods and the Money Market
    3. Disequilibria
    4. Some Comparative-Static Analysis
    5. Summary
  8. The Labour Market
    1. Learning Objectives
    2. Basic Considerations
    3. The Labour Market – the Classical View
    4. The Labour Market – the Keynesian View
    5. Summary
  9. Aggregate Supply and Demand
    1. Learning Objectives
    2. Aggregate Demand
    3. Aggregate Supply
    4. Equilibrium in the Short Run
    5. Equilibrium in the Long Run
    6. Summary
  10. The European Union and the Euro Area
    1. Learning Objectives
    2. The European Union
    3. The European Central Bank
    4. The Roadmap to EMU
    5. Key Characteristics of the Euro Area Economy
    6. Convergence Criteria
    7. Nominal and Real Convergence
    8. The Future of EMU
    9. Summary
  11. Business Cycle Fluctuations
    1. Learning Objectives
    2. Fluctuations in Real GDP
    3. Various Types of Cycles
    4. Business Cycle Indicators
    5. Output Gaps
    6. A First Look at the Data
    7. A Second Look at the Data
    8. Summary
  12. Unemployment
    1. Learning Objectives
    2. Basic considerations
    3. Summary
  13. Prices and Inflation
    1. Learning Objectives
    2. Goods and Baskets
    3. Inflation and the Price Level
    4. Effects of Inflation
    5. Inflation Indices
    6. The Harmonised Index of Consumer Prices
    7. Core and Non-Core Inflation
    8. Measurement Problems
    9. Hyperinflation
    10. A First Look at the Data
    11. A Second Look at the Data
    12. A Third Look at the Data
    13. Summary
  14. Exchange Rates
    1. Learning Objectives
    2. Basic Concepts
    3. Exchange Rates Regimes
    4. Exchange Rates in the Long Run
    5. Exchange Rates in the Short to Medium Run
    6. ERM II
    7. A First Look at the Data
    8. Summary
  15. Monetary Theory
    1. Learning Objectives
    2. The Quantity Theory of Money
    3. The Phillips Curve
    4. The Scandinavian Model of Inflation
    5. The P-Star Approach
    6. The Two-Pillar Phillips Curve
    7. The Role of Expectations
    8. A First Look at the Data
    9. A Second Look at the Data
    10. A Third Look at the Data
    11. Summary
  16. Monetary Policy
    1. Learning Objectives
    2. Money – History, Forms and Functions
    3. The Monetary Policy Transmission Process
    4. Time-Lags of Monetary Policy
    5. Rules and Discretion in Monetary Policy
    6. The Conduct of Monetary Policy
    7. Monetary Policy Strategies
    8. Instabilities in Money Demand
    9. A First Look at the Data
    10. A Second Look at the Data
    11. Summary
  17. Fiscal Policy
    1. Learning Objectives
    2. Automatic Stabilizers
    3. Cyclical and Structural Deficits
    4. The Laffer Curve
    5. Ricardian Equivalence
    6. Summary
  18. Conventional and Unconventioanl Monetary Policy
    1. Learning Objectives
    2. The Money Multiplier
    3. Taylor Rules
    4. Shadow Rates
    5. Monetary policy and the zero lower bound
    6. The ECB´s monetary policy in times of financial crisis
    7. A First Look at the Data
    8. A Second Look at the Data
    9. Summary
  19. Open Economy Issues
    1. Learning Objectives
    2. The Balance of Payments
    3. Some International Monetary Organisations
    4. Some International Currency Regimes
    5. A First Look at the Data
    6. Summary
  20. Growth Theory
    1. Learning Objectives
    2. Some Basic Considerations
    3. Growth of Capital Per Person
    4. Growth in the Autonomous Factor
    5. A First Look at the Data
    6. Summary
  21. Multiple Choice Test
  22. List of Symbols and Abbreviataions
  23. Glossary
  24. Annexes
    1. Stocks and Flows
    2. Some Large Numbers
    3. Levels and Growth Rates
    4. Some Useful Graphical Measures
    5. Some Useful Statistical Measures
    6. The Correlation Coefficient
    7. Linear Regression
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with EU regulation.