宏观经济学（英文版）

　　著名经济学家、麻省理工大学的鲁迪格·多恩布什教授领衔编写的《宏观经济学》，自初版23年来，以其兼具经典体例与灵活性，着重培养学习者解决实际问题能力，供学习者以深入探索空间的特点而享誉全球，被认为是"宏观经济学"教育教学领域采用率和赞誉度最高的教科书。日前，该书的千年版：英文第八版由东北财经大学出版社引进出版。 东北财经大学曾在1998年引进、出版了本书的第七版，先后被清华大学经管学院、复旦大学管理学院、中山大学管理学院、中欧工商管理学院、上海财经大学等近40家国内著名财经教学机构采用，对当时国内MBA和财经专业教育中的外语教学、双语教学的普及兴盛起到了不可磨灭的推动作用。为使国内读者能与国际同步获得最新鲜的教材，东北财经大学出版社在作者对第七版进行修订的过程中，就开始与原出版公司进行协商，因此得以在新千年第一季与其同步出版本书第八版的中国重印版。世界经济发展的速度足以使世界每个角落的普通人感受时代的变迁，如同作者在序言中所说的那样，"从上一版出版到准备这个版次短短的3年里，出现了如此多的新兴问题，同时又有许多问题变得毫无意义。"作为一名经济学家，作者更是无比敏锐地感受并关注着这个世界的变化，因此，在世纪更迭之际，作者对本书进行了修订和完善。新版在最大程度上更新了全书中的数据，以现实材料展示了当今世界的主要趋势，并且全面讨论了如何运用传统的宏观经济学模型来解释这些趋势。例如，书中增加了对近期平衡美国联邦预算、亚洲金融危机和20世纪90年代美国劳动生产率的起伏等问题的讨论。为了给读者和教学工作提供全面便捷的服务，在重印版中，随书提供了原书作者简介、目录和前言的译文，还有准确时新的"中英文对照词汇表"。此外，与往常一样，出版社还可协助教学采用单位获得"教师手册"、"题库"等教学支持体系。

　　作者简介鲁迪格.多恩布什，麻省理工学院经济学和国际管理学教授。斯坦利.费希尔，国际货币基金组织官员。理查德.斯塔兹，华盛顿大学经济学教授。

     PREFACE XV
    INTRODUCTlONAND NATlONAL INCOMEACCOUNTlNG
   l INTRODUCTlON
    Macroeconomics Encapsulated inThree Models
    To Reiterate
    Outline and Preview of the Text
    Prcrequisites and Recipes
   2 NATlONAL INCOME ACCOUNTlNG
    The Production of Output and Payments to Factors of Production
    Outlays and Components of Demand
    Some Important Identities
    Measuring Gross Domestic Product
    Inflation and Price Indexes
    GROWTH,AGGREGATE SUPPLYAND DEMAND, ANDTHE
    NEW MACROECONOMlCS
   3 GROWTH AND ACCUMULATlON
    Growth Accounting
    Empirical Estimates of Growth
    GfowthTheory:The Neoclassical Model
   4 GROWTH AND POLlCY
    Growth Theory: Endogenous Growth
    Growth Policy
   5 AGGREGATE SUPPLY AND DEMAND
    TheAggregate Supply Curve
    TheAggregate Demand Curve
    Fiscal and Monetary Policy UnderAltemative SupptyAssumptions
    Suppty-Side Economics
   6 AGGREGATE SUPPLY: WAGES, PRlCES, AND UNEMPLOYMENT
    TheAggregate Supply Curve and the PriceAdjustment Mechanism
    Wages, Prices, and OutputThe Facts
    TheWage-Unemployment Relationship:Why areWages Sticky?
    From Phillips Curve to theAggregate Supply Curve
    The Effects of a Monetary Expansion
    Suppty Shocks
    Stagflation, Expected Inflation, and the Inflation-Expectations-
    Augmented Phillips Curve
   7 THE ANATOMY OF INFLATlON AND UNEMPLOYMENT
    The Anatomy of Unemployment
    Full Employment
    The Costs of Uncmployment
    The Costs of Inflation
    Inflation and Indexation: Inflation-Proofing the Economy
    Is a Little Inflation Good for the Economy?
    The Political Economy of Inflation and Unemployment
   8 THE NEW MACROECONOMlCS
    An Overview of the New Macroecononaics
    The Rational Expectations Revolution
    The Microecononrics of the Imnperfect InfonnationAggregate
    Suppty Curve
    The RandomWalk of GDP: Does Aggregatc Demand Matter
    or is it allAggregate Supply?
    Real Business CycleTheory
    A New Keynesian Model of SacKy Nonunai prces
    FlRST MODELS
   9 INCOME AND SPENDlNG
    Aggregate Demand and Equilibrium Output
    The Consumption Funetion andAggregate Demand
    The Multiplier
    The Govemment Sector
    The Budget
    The Full-Employment Budget Surplus
   lO MONEY, INTEREST, AND INCOME
    Thc Goods MarKet and the IS Curve
    The Money Market and the LM Curve
    Equilibrium in the Goods and Money Markets
    Deriving the Aggregate Demand Schedule
    A Formal Treatment of the IS-LM Model
   ll MONETARY AND FlSCAL POLlCY
    Monetary Policy
    Fiscal Policy and Crowding Out
    The Composition of Output and the Policy Mix
    The Policy Mix in Action
   12 INTERNATlONAL LlNKAGES
    The Balance of Payments and Exchange Rates
    The Exchange Rate in the Long Run
    Trade in Goods, Market Equilibrium, and the Balance ofTradc
    Capital Mobility
    The Mundell-Pleming Model: Perfect Capital Mobility Under Fixed
    Exchange Rates
    Perfect Capital Mobility and Flexible Exchangc Rate;
    PART
    BEHAVlORAL FOUNDATlONS 297
   13 CONSUMPTlON AND SAVlNG
    The Life-Cycle Pennanent-lncomeTheory of Consumption
    andSaving
    Consumption Under Uncertainty:The ModemApproach
    FurtherAspects of Consumption Bchavior
   14 INVESTMENT SPENDlNG
    Fixed Investment:The NeoclassicalApproach
    Residential Investment
    Inventory Investment
    InvestmentAround theWorid
   15 THE DEMAND FOR MONEY
    Components ofthe Money Stock
    The Functions of Money
    The Demand for Money:Theory
    Empirical Evidence
    The IncomeVelocity ofMoney and the QuantityThcory
   16 THE FED, MONEY, AND CREDlT
    Money Stock Determination-The Money Multiplier
    The Instruments of Monetary Control
    The Money Multiplier and Bank Loans
    Control of the Money Stock and Control of the Interest Rate
    Money Stock and Interest RateTargets
    Money, Credit, and Interest Rates
    WhichTargets for the Fed?
   l7 FlNANClAL MARKETS
    Interest Rates Long-Term and Short
    The RandomWalk of Stock Prices
    Exchange Rates and Interest Rates
   18 STABlLlZATlON POLlCY: PROSPECTS AND PROBlEMS
    The Great Depression:The Pacts
    The Great Depression'.The Issues and Ideas
    Thc New Economics
    Lags in the Effects of Policy
    Expectations and Reactions
    Uncertainty and Economic Policy
    Activist Policy
    Dynamic Inconsistency and RulesVersus Discretion
    INFLATION, BUDGET DEFlClTS, AND INTERNATlONAL
    ADJUSTMENTS
   19 MONEY, DEFlClTS, AND INFLATlON: EVlDENCE AND POLlCY
    ISSUES
    Interest Rates and Inflation.'The Fisher Equation
    Empirical Evidence
    Altemative Strategies to Reduce Inflation
    Deficits, Money Growth, and the InflationTax
    Hyperinflation
   20 BUDGET DEFlClTS AND THE PUBLlC DEBT
    Pederal Govemment Finances: Facts and Issucs
    The Burden of the Debt
    The Barro-Ricardo Problem
    Social Security
   21 INTERNATlONAL ADJUSTMENT AND INTERDEPENDENCE
    Adjustment Under Fixed Exchange Rates
    Exchange Rate Changes andTradeAdjustment: Empirical Issues
    The MonetaryApproach to the Balance of Payments
    Plexible Exchange Rates, Money, and frices
    Interest Differentiais and Exchange Rate Expectations
    Exchange Rate Fluctuations and Interdependence
    INDEX 529