What is macroeconomics? The best way to answer is not to give you a formal definition, but rather to take you on an economic tour of the world, to describe both the main economic evolutions and the issues that keep macroeconomists and macroeconomic policy makers awake at night.
At the time of this writing (the fall of 2015), policy makers are sleeping better than they did just a few years ago. In 2008, the world economy entered a major macroeconomic crisis, the deepest since the Great Depression. World output growth, which typically runs at 4 to 5% a year, was actually negative in 2009. Since then, growth has turned positive, and the world economy is slowly recovering. But the crisis has left a number of scars, and some worries remain.
Thanks Olivier Blanchard - the book PDF is insightful and definitely makes sense.
Lawrence H. SmithPasadena
I think Macroeconomics (7th Global Edition, 2017) is that popular for a reason - Olivier Blanchard did a really good job
Tom Lazcovitz _2001New York
As of 2025-06-21, I suppose that Macroeconomics (7th Global Edition, 2017) by Olivier Blanchard is still among the best books in its niche. Brilliant!
Andrew2001 SummersMassachusetts
1) Must read. 2) Must read. 3) Must read. P.S. Many thanks Olivier Blanchard for this book - Macroeconomics (7th Global Edition, 2017) is simply the best!!!
clar LazcovitzNew Orleans
Honestly other books by Olivier Blanchard were a bit more helpful for me. But anyway, Macroeconomics (7th Global Edition, 2017) is another great piece of content
Jack PutzBerlin
Awesome book!
Jenny Putz NY
You can`t run busness without reading Macroeconomics (7th Global Edition, 2017) by Olivier Blanchard. Nuff said.