Macroeconomics: Institutions, Instability, and the Financial System by Carlin, Wendy, Soskice, David

This is by far the best and most up-to-date book on modern macroeconomics and is written in a way that helps you follow and make sense of current debates. The three-equation model is the way modern macro is thought and taught, so it makes sense to build from that framework. It is harder to follow than something like Blanchard 'Macroeconomics a European perspective' and I did use that as an aid. However, while it's easier to read, I felt that it fails to address the questions you had when you chose to study modern macro, and while it mentions Wendy Carlin's book as the reason for redesigning the third edition, It certainly isn't as detailed. Overall a very good book for learning modern macroeconomics, and if you're looking to read advanced macro by Romer afterwards, it'll definitely put you in good stead.

I haven't read that many macro books as I am only economics undergraduate so it's a bit hard to compare but overall I feel that this book is one of the better ones. The book is very up-to-date,describing current recession and the euro crisis.Unlike the older version there are new chapters abut financial system and the eurozone issues. The book is not a typical introductory undergraduate book as it is slightly harder to understand but there is not a lot mathematical models and even someone without any previous economics should be able to get it ,assuming they read the chapters multiple times.

Was recommended this book for my recent degree in Economics as part of a Macroeconomics module and the book was very useful in explaining all concepts including the difficult ones

This book is amazing. It's able to give you a glimpse of modern macroeconomic theoretical models(DSGE) in a really intuitive and satisfying way. I deeply enjoyed the financial crisis focus, and how the authors would go to the BoE reports for further information, and weren't coy about sharing the references. In this way, I was able to discover another amazing source of information about the REAL workings of the economy. The BoE quarterly reports on money and how the fractional reserve banking really works were astonishing (I read all of this in 2015, but only today, by chance, I decided to write a review). The only flaw I remember finding in this book was the lack of thought given to the open economy. Maybe in a future edition of the book, they'll expand on those slim chapters dedicated to the open economy.

I followed this book for a semester in my masters degree in economics. Clear and complete explanations. I recomend.

great product - arrived so quickly!

Arrived early, in fantastic condition and with absolutely nothing wrong. Would recommend.

An excellent book with lots of post-financial crisis rethinking about traditional Macro models.

Várias folhas soltas entre as páginas 350 e 361

I have been looking for a macroeconomics book that provides simple, but sophisticated models of how economies actually work. Many advanced macroeconomic books use models with many equations and even more constants. The problem is that many of the constants are not known well, so many assumptions are required which can lead to different answers. This is know as the identification problem. I have read several books on macroeconomics and found them unsatisfying. This book fit the bill. If you want to develop intuition on how real economies work, read this book.

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Diferent from all the other macroeconomic books I've read so far, this one goes deeper than IS-LM model, which is no longer good to understand current (post 1970) movements.

Great book for learning intermediate macroeconomics. Also very up to date.