Publisher's Synopsis
This major new macroeconomics text by Robert Barro and Vittorio Grilli is written from a European perspective. It adopts an open-economy approach and incorporates full treatment of European labour and financial institutions and markets. The authors cover in a rigorous and stimulating fashion the main macroeconomic theories and policy in relation to the components of the macroeconomic environment, including the household, the monetary system, the production process, the government and business cycles, and address the major economic problems of the world today.
