<!doctype html public «-//w3c//dtd html 4.0 transitional//en»> http-equiv=content-type> This textbook offers a clear portrayal of economic relationships based on theoretical principles and empirical findings. It discusses recommendations for economic policy derived from a basic understanding of economics. For the first time, the 3rd edition includes a discussion of the ECB’s changed monetary policy in the wake of the financial and sovereign debt crisis and the concept of the “debt brake.”
