1. Budget deficit financing : a general review -- 2. The role of fiscal policies in the German hyperinflation : how unpleasant was the monetary arithmetic? -- 3. War, money and inflation : lessons from three revolutionary episodes -- 4. The importance of central bank independence / Richard C.K....

Chapter 1. Introduction and Overview of the Fourth Edition -- Chapter 2. National Income Accounts -- Chapter 3. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity -- Chapter 4. Aggregate Demand: Setting the Stage for Demand-Side Stabilization -- Chapter 5....

This book is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. Significantly updated to provide an understanding of the post-financial crisis economy, the third edition covers the subprime crisis in...