Salient Features:
Γ₯ Separate chapters on endogenous growth (Chapter 3) and cross-country income differences
(Chapter 4)
Γ₯ Revamped chapters on nominal rigidity and dynamic stochastic general-equilibrium models of
fluctuations (Chapters 6 and 7)
Γ₯ Reorganized chapter on inflation and monetary policy (Chapter 11)
Γ₯ Discussion on financial and macroeconomic crisis that began in 2008