Economic Policy Theory and Practice

"A revolutionary approach to teaching in macroeconomics...This book will undoubtedly influence researchers and policy makers for many years to come."--Philippe Aghion, Harvard University
"A unique combination of positive and normative analysis...paving the way for a fresh approach to understanding and teaching economics."--Erik Berglof, Chief Economist, EBRD
"This book is a book I would have loved to write."--Olivier Blanchard, MIT and Chief Economist, IMF
"A remarkable achievement...Let's hope Economic Policy becomes widely used. If so, it will revolutionize the teaching of macroeconomics."--Alan S. Blinder, Princeton University, former Vice-Chairman of the Board of Governors of the Federal Reserve System
"A superb job. A must-read for anyone who wants to understand the turbulent times we live in."--Raghuram Rajan, Chicago's Booth School of Business
"An indispensable guide for economists, policymakers and students."--Jacques de Larosiere, BNP-Paribas, former IMF Managing Director
"Students and policymakers alike will find this book useful, engaging and thought-provoking."--Philipp Hildebrand, Chairman of the Governing Board, Swiss National Bank
"A fascinating example of how economics can be used to explain a complicated world and come up with convincing policy conclusions."--Hans-Werner Sinn, University of Munich and CESifo
"A remarkable achievement, that fills an enormous gap."--Guido Tabellini, Bocconi University
"Not just a textbook but also a reflection on the causes and effects of the current global financial and economic crisis."--Yongding Yu, Chinese Academy of Social Sciences
"Extremely useful not only for graduate students but also for policymakers and practitioners like myself."--Marco Buti, Director-General for Economic and Financial Affairs, European Commission