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on 29 January 2016
I bought this book in order to move on from the historically more dominant IS-LM analsis which dominated my time at University.

Overall, the book is very comprehensive and has stretch elements which are useful. It does suffer from being too comprehensive with several obscure proofs that can be skipped as unnecessary. Some of the more obscure bits would be better in Appendix sections so that the reader can get through the core quicker.

I particularly liked the New Keynesian Micro foundations section (it is a bit tricky), but I wanted to argue with at least some of its bolder assumptions. The sections on growth are good, but my, they are over notated! Much of the nitpicky growth proofs are not necessary either.

The text style is somewhat heavy going/clunky - it was not, to be honest, an easy read and is probably over verbose in places and is certainly over notated. To be honest I had to keep refreshing myself as to the definitions of certain symbols etc. as I read through sections, which is not good. Readability is my main criticism of this book.

As several other reviewers have noted, the authors do not challenge the New Keynesian synthesis, and that is sort of a drawback. It also has very little analysis on target setting and the dangers associated with targeting policy on an ill defined/determined metric such as Full Employment GDP. In reality, this is not a known term, and the various transition mechanisms discussed did not really get into that - it just assumed the policy maker had magically picked the right target amounts - which is never the case.

Well worth reading, but not as an introductory work - I would still do intermediate IS-LM as a first step, and then augment with this 3 equation approach.

NB a newer version is out and therefore more current in terms of discussion topics and examples - I would go for that if you have the choice!
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on 17 November 2015
There is a more recent edition
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on 1 March 2017
Provide some good introduction to modern macroeconomics
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on 29 December 2012
Arrived well on time, and also in good condition as specified at a reasonable price. Very much fit for purpose.
Very much needed textbook along side my studies when learning Advanced Macroeconomics
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on 29 May 2015
Great condition!
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on 3 November 2015
its really good
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on 13 October 2015
Good quality
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on 12 November 2013
This book helps me a lot on my study. And it is much cheaper here than in the school's bookstore!
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on 5 November 2014
it is a good book...
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on 14 November 2014
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