Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level.
Fernando de Holanda Barbosa is Professor of Economics at FGV EPGE Brazilian School of Economics and Finance. He has a Ph.D. in economics from the University of Chicago. He is the author of many academic articles in monetary economics and some are collected in the book Exploring the Mechanics of Chronic Inflation and Hyperinflation (Springer, 2017).
Introduction.- Part I: Models with Flexible Prices.- Chapter 1: Representative Agent Model.- Chapter 2: Open Economy Representative Model.- Chapter 3: Overlapping Generations.- Chapter 4: Solow Growth Model.- Chapter 5: Economic Growth: Endogenous Savings and Growth.- Part II: Models with Sticky Prices.- Chapter 6: Keynesian Models: IS and LM Curves, Taylor Rule and Phillips Curve.- Chapter 7: Fluctuation and Stabilization.- Chapter 8: Open Economy Macroeconomics.- Chapter 9: Open Economy Fluctuation and Stabilization.- Part III: Models of Monetary and Fiscal Policies.- Chapter 10: Government Budget Constraint.- Chapter 11: Monetary Theory and Policy.- Part IV: Mathematical Appendix.- Appendix A: Differential Equations.- Appendix B: Optimal Control Theory.- Appendix C: Finite Difference Equations.