Applied Macroeconomics: Employment, Growth and Inflation

by Vivek Moorthy

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.

258 pages, Kindle Edition

Published July 31, 2017

Reviews

[Venkatesh · Rating 5 out of 5]

Not just another macroeconomics text book

This is a delightful and highly original book on applied macroeconomics. The book can be used either as a macro text book or an interesting macro guide for a highly motivated general reader.
A few things clearly standout. First, this book is a lot shorter than your average macro economics college textbook. Yet, it seems to pack a lot more punch than a typical text book that is twice its size.
Second, the book has a self assured and original style. When did you last see a macroeconomics textbook that boldly skips the IS-LM model and promises an alternate way of explaining things? The book also connects a number of seemingly disparate dots to explain macroeconomics. The author's experience of having worked as an economist at the Fed clearly shows in the writing.
Third, 2 out of 8 chapters are dedicated to India and 1 more chapter deals with emerging markets including but not limited to India. For long, readers have to put up with the US centric macroeconomic world view of macroeconomics textbooks, even when interesting things macroeconomic wise were happening elsewhere in the world.
There is an entire chapter on India's demonetisation inside which the author discusses bitcoin and free banking.
The book uses minimal math and that too only when it is necessary.
Net net, this is a highly original applied macroeconomics book that aims to instruct by applying the frameworks developed to real and interesting macroeconomic issues globally.

[Shyam · Rating 5 out of 5]

I read this book a few years back and have now come back to it to look up issues like shrinkflation. The appointment rules for central bank governors ( toward the last two pages of the book ) is also very pertinent. How central bank governors get appointed is a subject on which most informed readers would like to be better informed. The analysis pertaining to the oil industry is also relevant. If the test of a text book is its contemporaneity a few years after it was written then this book surely passes the test with flying colours.