Macroeconomic Policy: Demystifying Monetary and Fiscal Policy

1. Introduction and Overview: We are not all Keynesians now.-2. National Income Accounts.- 3. Budget Deficits, Trade Deficits and GlobalCapital Flows: The NationalSavings Identity in its Present Form.- 4. Aggregate Demand: Setting the Stagefor Demand-Side Stabilization.- 5. Demand-Side Stabilization: Asset PriceBubbles, Overheating, Hard Landing, and Everything in Between.- 6. TheSub-Prime Crisis and its Global Implications.- 7.Long-Term Interest Rates, theYield Curve, and Hyperinflation: Why "Bonds Know Best".- 8. ISLM: The EngineRoom.- 9. The Classical Model: The Bedrock of the Supply-Side Model.- 10. TheKeynesian Model: Exploring the Keynesian History of the US, China and SouthernEurope .- 11. The Great DepressionRe-Examined, and the Nature of Bubbles.- 12. The Supply-Side Model and itsImplications for the Eurozone and for the "New" India.- 11. Central Banks, Monetary Policy and Currency Pegs: The Eurozone,the US After 2008, the Impossible Trinity, and the "Broken Rhombus".