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Unlike traditional textbooks, this book develops a conceptual framework, historically and theoretically, for a growing economy. Based on simple models with numerical examples, it applies concepts from classical macroeconomics to interpret economic events and data in USA and India over several decades, and some other Asian economies also.
Develops an integrated framework, combining short-run fluctuations with long-run growth, unlike widely used textbooks that treat these topics separately.
Chapter 1: Building the Framework for a Growing Economy
Chapter 2: From Short-Run to Long-Run Phillips Curve
Chapter 3: The Costs and Consequences of Inflation
Chapter 4: Cost Push versus Demand Pull Inflation
Chapter 5: OPEC and the Great Stagflation
Chapter 6: Emerging Economies: Rapid Rise to Slowdown
Chapter 7: Dissecting India's Stagflation Episode
Chapter 8. Analysing India's Demonetisation
Vivek Moorthy :- is Professor of Economics. He obtained his Masters at Jawaharlal Nehru University with first rank, taught briefly at St Stephens College, Delhi, and then obtained his doctorate in economics from the University of California, Los Angeles. He taught at Pennsylvania State University and then joined the Federal Reserve Bank of New York. He was initially in Domestic Research, working on US economy projections for the Federal Open Market Committee that sets monetary policy, and later Senior Economist in Foreign Exchange Analysis at the New York Fed before joining IIMB. Details of all his works can be found at http://www.economicsperiscope.com/
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