Advanced Macroeconomics: An Easy Guide

Macroeconomic concepts and theories are among the most valuable for policymakers. Yet up to now, there has been a wide gap between undergraduate courses and the professional level at which macroeconomic policy is practiced. In addition, PhD-level textbooks rarely address the needs of a policy audience. So advanced macroeconomics has not been easily accessible to current and aspiring practitioners. This rigorous yet accessible book fills that gap. It was born as a Master's course that each of the authors taught for many years at Harvard's Kennedy School of Government. And it draws on the authors' own extensive practical experience as macroeconomic policymakers. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to policy questions ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. Written with a light touch, yet thoroughly explaining current theory and its application to policymaking, Advanced Macroeconomics: An Easy Guide is an invaluable resource for graduate students, advanced undergraduate students, and practitioners.