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Macroeconomics 1e (Medeiros)

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    287580
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    This macroeconomics textbook distills the subject to its essential concepts, providing a clear and focused framework for understanding the workings of the overall economy. It is designed to complement the author’s microeconomics textbook (Microeconomics 1e) and to address a major gap in existing instructional materials: the treatment of modern U.S. monetary policy. Since 2010, the Federal Reserve has fundamentally changed how it conducts monetary policy, shifting to an “ample reserves” operating framework that relies heavily on administered interest rates such as the Interest on Reserve Balances (IORB). Yet most macroeconomics textbooks still explain policy using pre-2010 tools and mechanisms. This book fully revises that coverage, ensuring students learn how monetary policy actually operates today.

    Thumbnail: Macroeconomics. (CC BY-SA 3.0; Nick Youngson via The Blue Diamond Gallery)


    This page titled Macroeconomics 1e (Medeiros) is shared under a CC BY-NC-SA 4.0 license and was authored, remixed, and/or curated by Martin Medeiros.

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