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Macroeconomics A European Perspective.pdf


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Refreshingly original for an undergraduate text. Relevant applications to European
economies and elsewhere are plentiful, and the breadth of topics covered is truly
impressive. Unlike many texts at this level, the authors do not avoid potentially tricky, yet
important topics; they do their utmost to relate textbook theory to real-world economics.
Relative to competing texts, I think students would find this more engaging.
Paul Scanlon, Trinity College Dublin
Up-to-date material on the euro, especially in light of the current crisis; strong open
economy emphasis; and lots of examples from European countries. There is so much new
material on the monetary union that there is much less need for supplementary reading.
Pekka Ilmakunnas, Aalto University School of Economics
The European adaptation keeps the structure of the original book, already appreciated
by lecturers. It integrates specific analysis of recent economic events (in particular the
sub-prime crisis), illustrates study cases with European examples and proposes extended
theoretical developments. It is sure to become even more popular than its famous ancestor
among European students.
Bertrand Candelon, Maastricht University School of Business and Economics
This edition has clear exposition and keeps the analytical level simple, but still at a detailed
level. The chapter on the credit crunch is particularly interesting and well written, and the
use of the IS–LM model to describe the effects of the crisis is well presented. Given the
level of the maths explanation in the text, all students should find it easy to follow the
analysis in the book.
Gianluigi Vernasca, University of Essex
This is a truly outstanding textbook that beautifully marries theory, empirics and
policy. It is surely destined to become the gold standard against which
all other texts must be measured.
Charles Bean, Deputy Governor, Bank of England
This book succeeds in explaining complex economic questions with simple language
whilst always referring to the data. The chapters on Europe are a welcome feature
and will help students to understand the challenges and potentials of the
European project.
Lucrezia Reichlin, London Business School