Macroeconomics for Professionals

Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.

'Leslie Lipschitz and Susan Schadler provide a superb road map for assessing a country's policies. It is relevant not only for new IMF economists but also for analysts in investment banks, rating agencies, finance ministries, and central banks, as well as for economic journalists seeking to bridge the gap between theory and real-world practice.' Peter Heller, Finance & Development, 'The authors of this invaluable book are former economists at the International Monetary Fund. The book is written for professional economists and those who try to make sense of what they write. For such readers, it will show how to apply theoretical ideas and concepts to actual economies. It covers everything that matters in macroeconomics: the real economy, prices, monetary policy, fiscal policy, financial stability and the external accounts. Among potential users, frustrated students are likely to find it particularly helpful.' Martin Wolf, 'Summer books of 2019', Financial Times

Leslie Lipschitz was an economist at the International Monetary Fund (IMF) for more than thirty-five years. He served as Director of the IMF Institute, taught at the School of Advanced International Studies at The Johns Hopkins University and at Bowdoin College, Maine, was a guest scholar at the Brookings Institution, worked and consulted with private financial institutions, and has written, spoken, and published widely on open-economy macroeconomics. Susan Schadler was an economist at the International Monetary Fund (IMF)for over thirty years. Her published articles and books cover exchange rate policies, economic growth and crises, how countries adjust in crises, and the integration of Eastern and Western Europe. Since leaving the IMF, she has been a senior member of St Antony's College, Oxford, senior fellow at the Atlantic Council and the Centre for International Governance Innovation, and a consultant for the IMF's Independent Evaluation Office.