Macroeconomic Policy

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Focusing on a hands-on approach, this applications-oriented text delves into the impacts of fiscal and monetary policies, particularly in the context of the post-COVID global economy. The updated fourth edition addresses pandemic-related economic shocks, the implications of Modern Monetary Theory for COVID rescue efforts, and the effects of major economies like the US and China on emerging markets. It also explores budget deficit sustainability, trade wars, and the dynamics of speculative asset price bubbles, particularly in housing and SPACs.