This is the best book you are ever likely to read on Macroeconomics. Its great strength is that it is based on a single model which from modest beginnings in the earlier chapters reaches a logical and a complex form by chapter 20. The result is that the book has a coherent structure so that each chapter is a natural extension of the previous chapters. The first 10 chapters are the core chapters: closed economy, open economy, wages and prices. There is then an excellent chapter on growth models, followed by 4 chapters on expectation formation and how it affects different areas of economic behaviour. I particularly enjoyed brushing up on the term structure of interest rates. Chapters 18 to 20 deal with the open economy in the context of exchange rate regimes and there then follows a fine exposition of the current crisis. Each chapter is beautifully crafted and structured with readers' queries anticipated and explained. The boxes in the chapters are gems. Whether it is on how German unification led to collapse of the ERM or on exchange parity under the Gold Standard, each example illuminates the theory. A terrific book and a great achievement in producing it.