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A concise guide to macroeconomics : what managers, executives, and students need to know / David A. Moss

Author
Moss, David A., 1964-
Published
Boston, Mass. : Harvard Business School Press, [2007]
Copyright Date
©2007
Physical Description
ix, 189 pages : illustrations ; 25 cm

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Contents
Acknowledgments -- Introduction -- pt. 1. Understanding the macro economy -- 1. Output -- Measuring national output -- Exchange of output across countries -- What makes output go up and down? -- Isn't wealth more important than output? -- 2. Money -- Money and its effect on interest rates, exchange rates, and inflation -- Nominal versus real -- Money and banking -- The art and science of central banking -- 3. Expectations -- Expectations and inflation -- Expectations and output -- Expectations and other macro variables -- pt. 2. Selected topics - background and mechanics -- 4. A short history of money and monetary policy in the United States -- Defining the unit of account and the price of money -- The gold standard : a self-regulating mechanism? -- The creation of the Federal Reserve -- Finding the right monetary rule under a floating exchange rate -- The transformation of American monetary policy -- 5. The fundamentals of GDP accounting -- Three measurement approaches -- The nuts and bolts of the expenditure method -- Depreciation -- GDP versus GNP -- Historical and cross-country comparisons -- Investment, savings, and foreign borrowing -- 6. Reading a balance of payments statement -- A typical balance of payments statement -- Understanding credits and debits -- The power and pitfalls of BOP accounting -- 7. Understanding exchange rates -- The current account balance -- Inflation and purchasing power parity -- Interest rates -- Making sense of exchange rates -- Conclusion -- Glossary -- Notes -- Index -- About the author.
Subject(s)
ISBN
9781422101797 (hardcover : alk. paper)
1422101797
Bibliography Note
Includes bibliographical references and index.
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