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Macroeconomics+(Third+Edition)+-+Charles+I.+Jones
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633
March 2022
2021/2022
A+
PREFACE TO THE THIRD EDITION
T
he macroeconomic events of the last several
years are truly breathtaking — a once-in-alifetime (we hope) occurrence. While the
basics of how economists understand the macroeconomy remain solid, the global financial crisis
and the Great Recession take us into waters that,
if not uncharted, at least haven’t been visited in
recent decades. The remarkable collapse in housing prices, the large rise in the financial risk
premium, the massive expansion of the ...
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