Professor Wendy Carlin publishes new Macroeconomics book

Wendy Carlin and David Soskice connect students with contemporary research and policy in macroeconomics. The authors' 3-equation model - extended to include the financial system and with an integrated treatment of inequality - equips students with a method they can apply to the enduring challenges stirred by the financial crisis and the Great Recession.

"This wonderful textbook achieves a rare feat: the material is consistent with work at the current research frontier but nevertheless remains highly accessible. I first learned macroeconomics from an earlier volume of this textbook, when I was an undergraduate student twenty years ago. Now as then the core of the book is its simple 3-equation model for studying business cycles and stabilization policy. But this latest volume also takes on board many of the key developments over the last two decades. Specifically, this is the first textbook to integrate the lessons of the exploding literature on heterogeneous-agent macroeconomics and of the new HANK models. As Carlin and Soskice write: "it's time for 'inequality' to have a place in the title of a macroeconomics textbook" - I couldn't agree more!" - Benjamin Moll, Professor of Economics, London School of Economics

This book engaged with the latest developments in macroeconomic research, policy, and debate, the authors make the cutting edge accessible to undergraduate readers.

Also available as an e-book enhanced with access to The Macroeconomic Simulator, Animated Analytical Diagrams, and self-assessment activities, which enable students to recap content and investigate how models work at their own pace.

Wendy Carlin is Professor of Economics at University College London (UCL), Research Fellow of the Centre for Economic Policy Research (CEPR), and external professor at the Santa Fe Institute. She leads an international project - the CORE Econ project - to reform the undergraduate economics curriculum and is co-director of the James M. and Cathleen D. Stone Centre on Wealth Concentration, Inequality and the Economy. Her research interests are in macroeconomics, institutions as an influence on economic performance, economics of transition, and paradigm shifts in economic theory and instruction.

David Soskice FBA is Emeritus Professor at The London School of Economics and Political Science.

Useful Links

• Macroeconomics by Wendy Carlin and David Soskice
• Wendy Carlin
• CORE Econ
• Stone Centre at UCL