Sunday, November 16, 2008

Greg Mankiw's Blog: The New Edition and the 2008 Downturn

Greg Mankiw's Blog: The New Edition and the 2008 Downturn

The below are recent add items, Prof Mankiw’s beloved 5th ed, Principles Economic, out-of-date even before walking from a printer.( Sorry I put this wrong place. Probably I was half sleep heehh anyone see this before me? well than be reasonable ok)

  • The chapter on The Monetary System includes a new feature on The Financial Crisis of 2008 that discusses the Fed's role as lender of last resort in the wake of the nationwide fall in house prices and rise in mortgage defaults.




  • The chapter on Aggregate Demand and Aggregate Supply has a new discussion of The 2008 Fiscal Stimulus that aimed to give a boost to consumer spending.


  • The chapter on The Influence of Monetary and Fiscal Policy on Aggregate Demand has a new feature called The FOMC Explains Itself which includes the Fed's explanation for its recent, substantial cuts in interest rates.


  • The chapter on The Short-run Tradeoff Between Inflation and Unemployment includes a new section called Bernanke's Challenges which discusses the macroeconomic shocks the Fed has recently been dealing with.

  • At current, economic is priestly pediment brat at moonless night, deeply resent anything that firmly nails her down. Grand final of jittery entrance heavenly gateway, young and better tomorrow, one’s sensual body one’s exotic game she is called economics, basically she is a faithless whore, gloom today bright tomorrow, whoever better offer she sell her soul, that is why out-of-date inside tantric freaks printing marching.