The sixth edition of Principles of Macro-Monetary Economics is a substantially improved, technologically-friendly and path-breaking textbook for Macroeconomic Principles classes. As a professor of Principles classes for 45 years and a multiple teaching award winner, Dr. Kishore G. Kulkarni has lucidly simplified the concepts that are covered in any introductory economics course. This edition has been revised to infuse modern literature, ideas, theories and updated data. It is an easy-to-understand text with clear cut explanation of terms. Students will benefit from the simplicity and straight-forward analysis in this edition. Principles of Macro-Monetary Economics is ideal for a course that focuses on overall economic issues of GDP calculation, working of market system in a capitalistic economy, theories of consumption and investment, multiplier analysis, Fiscal and Monetary policy making in the U.S., and monetary theories of Keynes, classical economists and monetarists. The main objective of this text is to enable students to obtain basic understanding of economic thinking. Also included is a workbook and access to the book's website with quizzes, self-tests and audio summaries.

Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.