Macroeconomics

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View books by Wendy Carlin, David Soskice.

Excellent, but proceed with caution - Rated
There's no doubting that this is a thorough text excellently written, covering all the main points. The only problem with it is is it's New Keynesian bias. For example, it fleetingly dismisses the Sargent and Wallace Policy ineffectiveness Proposition without really explaining why one might do so, and subsequently does not explore Fisher's critique. Definitely a must for anyone with an interest in macroeconomics, but this should be one of a "portfolio" of texts on the subject.

Excellent macroeconomics textbook - Rated
Just thought I'd add my thoughts... It's an excellent book. It's thorough (without being too complex); it's clear and relatively concise (while covering more than just the essentials) and to top it off, it makes good use of excellent references to other works and articles. Highly recommended - whether or not it's on your reading list. If only all economics books were this good!!!

A great book - Rated
I like to read books on intermediate and upper-level intermediate macroeconomics. I have worked out excellent texts like Blanchard, Burda-Wyplosz, Dornbusch-Fischer-Startz, Williamson, Mankiw, Sachs-Larraín, etc...But this book by Carlin-Soskice is special. It's a very original and modern work that deals with New Keynesian Macroeconomics, that is, the school of macroeconomics that considers prices and wages to be sticky, contrary to the neoclassical, the real business cycle school (RBC) which regards them as fully flexible .
In this book you will find chapters where the 3-equation model is developed. Instead of using the traditional IS-LM model to account for the way the authorities utilizes the fiscal and monetary policies to influence the economy, the authors show how the short run is better reproduced by using a model that incorpores a IS curve, a Phillips curve (PC) and a Monetary Rule(MR)equation. Moreover, forget running into the neoclassical labour market if you study this textbook. You will just see it as a comparison with the imperfect competition model

Clarity in Macroeconomics - Rated
This is the clearest Macroeconomics book you will find. I have been studying it from drafts (as have four or five year groups previous to me it seems) for my Macroeconomics course; better than Blanchard, Mankiw, and all the rest, you will enjoy this book. The theory follows with no gaps- it is logical, yet models the real world in a way that is very satisfying compared to previous approaches. The 'assumptions' are not quite so hidden and not quite so ridiculous and previous economic theory, and little is left unexplained. It is particularly satisfying the wy they walk you through the construction of each model, all with micro-economic foundations which explicitly set out the assumptions about behaviour which drive the larger model.

It will become the classic statement of New Keynesianism, the new academic tradition in economics, which emphasises wage rigidity in the conduct of inflation-busting and monetary policy.

If you have been using the IS-LM model beware; this book signals its replacement with the 3 equation model IS-PC-MR combining changes in inflation with a reaction function for monetary policy. This book will become a standard text across universities from Oxford (where I'm studying) to LSE, Harvard and beyond. Buy it.