Alan S. Blinder

Foreword Perhaps the best way to appreciate how robust economic condi- tions were during the latter half of the 1990s is to recall just how much time was devoted to analyzing what the end would be like. The numerous accounts predicting "soft or hard landings" when the boom times faded had a...

Preface Economic analysis has continued to progress since the writing of the previous edition; but it has produced no revolutionary upheavals requiring major changes in this book. However, the worid about us has changed in ways that were beyond belief just three years ago. Who would have dreamed...