{"title":"Wendy Carlin","description":null,"products":[{"product_id":"macroeconomics-institutions-instability-and-the-financial-system-book-wendy-carlin-9780199655793","title":"Macroeconomics: Institutions, Instability, and the Financial System","description":"This authoritative new textbook integrates the modern monetary framework, based on the 3-equation model of the demand side, the supply side and the policy maker, with a model of the financial system. As a result, the authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis.  The book guides the reader through the three principal steps required to integrate the financial system within the macroeconomic model.  Firstly, the authors examine how the margin of the lending rate over the policy rate is set in the commercial banking sector, how money is created in a modern banking system and how the central bank can take account of the working of the banking system in order to achieve its desired policy outcome.  Secondly, the authors explore the characteristics of the financial system that result in vulnerability to a financial crisis, with implications for fiscal balance. The economy depends on the continuity of core banking services and governments cannot afford to let them fail. This means that important banks do not bear the full cost of their lending decisions. As a result, they may have an incentive to take on excessive risk.  Thirdly, a simple model is developed of the behaviour of highly-leveraged financial institutions as the basis for a leverage or financial cycle in the economy.  In addition, the book extends the 3-equation model to the open economy and uses a simple 2-bloc version of the 3-equation model to introduce global imbalances. The case of a common currency area is handled within the core model - both at the Eurozone level and at the level of member countries.   Every chapter emphasises how the different actors in the economy behave and interact: what are they trying to achieve and what limits their ability to put their intentions into practice? This is extended to the modelling of growth, where the role of innovation rents in the Schumpeterian model is highlighted. It is essential that students understand previous periods of growth, stability and crisis in preparing for future shocks. With this in mind, the book enables the reader to interpret long run historical data and to compare institutional detail in different eras and across the world.   Consequently, this text not only develops the critical thinking skills required for academic success, but ensures the reader can analyse data, trends, and policy debates with the confidence necessary for a career in economics or finance. As a result, it is essential reading for all those interested in learning more about the current macroeconomic system and the role played by financial institutions.  Online Resources:  For students: Conduct a range of exercises with the closed and open economy versions of the model using the Excel-based macroeconomic simulator.  Develop your understanding with additional technical material available in the accompanying web appendices.  For registered lecturers: Access the solutions to end of chapter questions from the book.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49523209863441,"sku":"GOR006968769","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ GARDNERS","offer_id":49730583167249,"sku":"NGR9780199655793","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49953893581073,"sku":"GOR007062224","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":50048376176913,"sku":"GOR008386477","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":50624587530513,"sku":"GOR009887944","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0199655790.jpg?v=1751132972"},{"product_id":"macroeconomics-book-wendy-carlin-9780198776222","title":"Macroeconomics","description":"The distinctive feature of this book is that it provides a unified framework for the analysis of short- and medium-run macroeconomics. This gives students a model that they can use themselves to understand a wide range of real-world macroeconomic behaviour and policy issues. The authors introduce a new graphical model (IS\/PC\/MR) based on the 3-equation New Keynesian model used in modern macroeconomics. The three equations are  BL the IS curve BL the Phillips curve and BL an interest rate-based monetary policy rule. The use of a common framework throughout for closed and open economies helps readers develop the economic intuition with which to address a diversity of macroeconomic problems. Applied chapters show how the models can be used to analyse performance in OECD economies over the past twenty-five years. The chapters on growth present an in-depth coverage of the Solow-Swan, endogenous and Schumpeterian models that allow the reader to understand how these approaches can be used to answer the big questions of growth: why some countries are rich and others, poor; why some catch up and others do not.  Since the book is based on the mainstream 3-equation model used at the research frontier, the book gives students the economics background necessary for accessing advanced macroeconomics. It is also designed to appeal to graduate students, non-specialists in macroeconomics, professional economists and those from related disciplines who want a guide to the complexities of modern macroeconomics and to understand contemporary policy debates.    Online Resource Centre  For lecturers: password-protected solutions and diagrams from the text.   For students: exercises and checklist questions.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49526718300433,"sku":"GOR002381786","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":49551250850065,"sku":"GOR006020184","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49649036689681,"sku":"GOR003510517","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ GARDNERS","offer_id":49728127435025,"sku":"NGR9780198776222","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50345673720081,"sku":"CIN0198776225G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52516090183953,"sku":"NLS9780198776222","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":53026546319633,"sku":"GOR008386704","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198776225.jpg?v=1751164172"},{"product_id":"macroeconomics-and-the-wage-bargain-book-wendy-carlin-9780198772446","title":"Macroeconomics and the Wage Bargain","description":"Focusing on macroeconomic analysis, this work also includes imperfectly competitive labour and product markets. It presents a 'Keynesian' treatment of macroeconomics, and features the important applied work on unemployment, inflation, and external balances.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49584606871825,"sku":"GOR001210604","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":49601480392977,"sku":"GOR011482191","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49616411525393,"sku":"GOR001299644","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":49939077398801,"sku":"CIN0198772440G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198772440.jpg?v=1751440581"},{"product_id":"macroeconomics-and-the-wage-bargain-book-wendy-carlin-9780198772453","title":"Macroeconomics and the Wage Bargain","description":"This intermediate level textbook concentrates on new macroeconomic analysis and is one of the first to focus on labour markets. The book provides access both to the important applied work on unemployment, inflation and external balances and to the journal literature where the theory has been developed. It makes available for the first time for undergraduates and non-specialists, current literature on major questions of economic policy and performance, especially in Western Europe. The authors present a neo-Keynesian treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world. These features are fully integrated in both closed and open economy analysis.","brand":"WoB","offers":[{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":49605837193489,"sku":"GOR013159303","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198772459.jpg?v=1750780794"},{"product_id":"macroeconomics-book-wendy-carlin-9780198838661","title":"Macroeconomics","description":"Carlin and Soskice connect students with contemporary research and policy in macroeconomics. 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