MACROECONOMICS : THEORY & APPL [electronic resource] /

This new edition captures the significant macroeconomics events and developments which include case studies on Great Recession and Euro Area crisis, and theoretical developments such as secularization of debt bundles, quantitative easing and hypothesis of the causal link between public debt & GDP growth rate, among others. The new theoretical/policy concepts have been added to the relevant chapters. These include wholesale and retail inflation, marginal standing facility tool with RBI, assignment rule for stabilization policies, Taylor rule for interest rate target, propagation effect, demographic dividend and decoupling theory, among others.Chapters 12 and 13 have been significantly strengthened by incorporating the foreign exchange market explicitly.The book has been pedagogically enhanced with the integration of learning outcomes and key words in each chapter and a Glossary at the end of the textbook