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ADVANCED MACROECONOMICS: Fifth Edition

A book by David Romer (University of California, Berkeley), ISBN


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Macroeconomics is the study of the economy as a whole. It is therefore concerned with some of the most important questions in economics. Why are some countries rich and others poor? Why do countries grow? What are the sources of recessions and booms? Why is there unemployment, and what determines its extent? What are the sources of inflation? How do government policies affect output, unemployment, inflation, and growth? These and related questions are the subject of macroeconomics.

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ADVANCED MACROECONOMICS: Fifth Edition by David Romer (University of California, Berkeley)

782
Pages
2019
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David Romer is the Royer Professor in Political Economy at the Univer- sity of California, Berkeley, where he has been on the faculty since 1988. He is also co-director of the program in Monetary Economics at the National Bureau of Economic Research. He received his A.B. from Princeton Univer- sity and his Ph.D. from the Massachusetts Institute of Technology. He has been a fellow of the American Academy of Arts and Sciences since 2006. At Berkeley, he is a three-time recipient of the Graduate Economic Associ- ationโ€™s distinguished teaching and advising awards; he received Berkeleyโ€™s Social Sciences Distinguished Teaching Award in 2013 2014. Much of his research focuses on monetary and fiscal policy; this work considers both the effects of policy on the economy and the determinants of policy. His other research interests include the foundations of price stickiness, empirical evi- dence on economic growth, and asset-price volatility. His most recent work is concerned with financial crises. He is married to Christina Romer, with whom he frequently collaborates. They have three children, Katherine, Paul, and Matthew.

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