In the last 50 years the gap in labour productivity between Europe and the US has narrowed considerably with estimates in 2005 suggesting a EU-US labour productivity gap of about 5 per cent. Yet, average per capita income in the EU is still about 30% lower than in the US. This persistent gap in...

Macroeconomics provides a comprehensive analsysis of contemporary macroeconomics. It analyses different theoretical approaches and contextualises theory with up-to-date monetary policy examples. These fully reflect the fall out from the global financial crisis. This text explains the modern...

Macroeconomics provides a solid foundation in contemporary macroeconomics, analysing different theoretical approaches and contextualising the theory with up to date monetary policy examples. The policy examples have been updated throughout to ensure that the reader can relate the economic...