The book aims to give non-economists a detailed understanding of how macroeconomic policy works in modern economies, and the issues it faces. The world has recently been through a huge economic crisis and thinking people everywhere have reason to wonder whether something is not seriously wrong...

1. Introduction : to Utopia and back -- 2. The demise of economic management -- 3. The monetarist experiment and its legacy -- 4. The 1990s synthesis -- 5. Problems under the 1990s synthesis -- 6. The global financial crisis -- 7. Monetary policy -- 8. Fiscal policy -- 9. Exchange rate policy --...

"Many experts speculate that U.S. antitrust policy towards horizontal mergers has been too lenient. We estimate the price effects of Whirlpool's acquisition of Maytag to provide new evidence on this debate. We compare price changes in appliance markets most affected by the merger to markets...