A companion volume on Microeconomics is also available. Go to emp.ca/micro for further details about this text.
Overview
Recent events across the globe have focused unprecedented attention on the workings of our economy. In this very timely book, 13 central macroeconomic questions are debated, in accessible language, by a line-up of respected economists from Canada and beyond. Ideal for courses at the introductory and intermediate levels.
Top ∧Content Summary
PART I: The Whole Picture
- The Market System and the Public Sector: What Role for the State?
(William Watson, Robert Prasch)
- What Is Money? How Is It Created and Destroyed? (David Andolfatto, John Smithin)
PART II: The Behaviour of Key Macroeconomic Variables
- Consumption and Saving: Should We Spend or Be Thrifty?
(Ronald G. Bodkin, Mario Seccareccia)
- What Drives Investment? (William Scarth, Jim Stanford)
- Why Is There Unemployment? Is Inflation the Ineluctable Consequence of High Employment? (Pierre Fortin, Marc Lavoie)
PART III: Macroeconomic Policies
- What Is Fiscal Policy? Is Government Spending a Source of Stability or Instability? (Niels Veldhuis, Hassan Bougrine)
- What Is Monetary Policy? Should Central Banks Be Targeting Inflation?
(Nick Rowe, Louis-Philippe Rochon)
- Should Central Banks Be Independent?
(Jack Galbraith, Edwin Le Heron)
- Should Full Employment Be a Policy Objective? What Are the Implications for Growth and Development? (L. Randall Wray, David Gray)
PART IV: International Economic Relations
- Is Trade Liberalization Good or Bad for the Economy?
(Eugene Beaulieu, Ricardo Grinspun)
- Should Financial Flows Be Regulated?
(Lawrence L. Schembri & Eric Santor, Gerald Epstein)
- Should Countries Float, Fix, or Dollarize? (Thomas Courchene, Matias Vernengo & Carlos Silva)
- Is Globalization Reducing Poverty? (Dominick Salvatore, Manfred Bienefeld)
