Macroeconomics by Azzimonti, Marina

Macroeconomics (Hardcover) (ISBN-13: 9780197836019)

Vendor: Marina Azzimonti
Product type: Books
Format: Hardcover
$115.00
$115.00
$115.00
Subtotal: $115.00
Macroeconomics by Azzimonti, Marina

Macroeconomics

$115.00
Macroeconomics by Azzimonti, Marina

Macroeconomics

$115.00
Format: Hardcover
Description
Description
x
Macroeconomics offers a modern and comprehensive introduction to the tools and methods that define contemporary graduate training in the field. Written for first-year PhD students and advanced MA/MS students, the book provides a rigorous yet accessible foundation in dynamic optimization, recursive methods, competitive equilibrium, stochastic modelling, and welfare analysis. It emphasizes clarity and intuition, guiding readers through the logic of intertemporal decision-making that underlies modern macro theory.

A key feature of the text is its explicit connection to data. Throughout the book, theory is used to interpret empirical patterns, illustrating how macroeconomic models help us understand real-world behavior and policy-relevant facts. Quantitative and computational tools are integrated throughout to show how models are taken to the data.

The book develops frameworks with heterogeneity and frictions, including incomplete markets, borrowing constraints, labor-market search frictions, unemployment, financial frictions, and firm dynamics. These elements highlight how differences across households and firms, as well as imperfections in markets, shape aggregate outcomes.

Building on these foundations, the text applies macroeconomic tools to consumption, savings, labor supply, unemployment, economic growth, business cycles, fiscal and monetary policy, inequality, and international macroeconomics. Combining rigor, intuition, and empirical relevance, this book serves as both a core graduate resource and a long-term reference for modern macroeconomic analysis.

Author: Marina Azzimonti
ISBN-10: 0197836011
ISBN-13: 9780197836019
Publisher: Oxford University Press
Language: English
Published: 11/25/2026
Pages: 928
Format: Hardcover
By Marina Azzimonti
By Marina Azzimonti
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Marina Azzimonti is Senior Economist and Research Advisor at the Federal Reserve Bank of Richmond and a Research Fellow at the CEPR. Her research spans macroeconomics, international finance, and political economy. Before joining the Fed, she was an Endowed Professor of Economics at Stony Brook University and a Research Associate at the NBER. Her work has been published in leading journals, including the American Economic Review, Review of Economic Studies, and Journal of Monetary Economics. She received her PhD in Economics from the University of Rochester.

Per Krusell is a Professor of Economics at Stockholm University. With a PhD from the University of Minnesota, he held faculty positions at Northwestern University, the Universities of Pennsylvania and Rochester, and Princeton University before moving back to Sweden. He also served on the prize committee for the economics prize in honor of Alfred Nobel for many years, including as its chairman and secretary. Krusell's research spans large parts of macroeconomics, including a number of aspects of growth and business cycles such as inequality, wage formation, and climate change; methodologically, his work combines theory, numerical solution methods, and data.

Alisdair McKay is a Monetary Advisor at the Federal Reserve Bank of Minneapolis. His research seeks to understand the nature of economic fluctuations and the roles of monetary and fiscal policies in stabilizing the business cycle. Before joining the Federal Reserve in 2018, he was an Associate Professor of Economics at Boston University. He received his PhD in Economics from Princeton University.

Toshihiko Mukoyama is a Professor in the Department of Economics at Georgetown University. His main research area is macroeconomics. His research topics include aggregate labor market dynamics, economic growth, and business cycles. Before Georgetown University, he worked at Concordia University, the Federal Reserve Board, and the University of Virginia. He received his B.A. and M.A. in economics from the University of Tokyo and his M.A. and Ph.D. in economics from the University of Rochester.

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