The new edition of "Macroeconomics" maintains its pedagogical structure, thanks to which it has established itself as one of the most popular textbooks in the field, while also covering a wide range of macroeconomic topics and concepts with the latest developments: The effects of the recession that affected the economy from 2007 to 2009. Macroeconomic experience sheds light on issues such as increased unemployment duration, slow labor market recovery, new tools of monetary policy used by the central bank of the United States, and the effects of fiscal policy. Furthermore, topics such as the balance of current transactions, excessive supply of savings capital in the global economy, and the role of central banks as lenders of last resort are studied. The book is complemented by informative and revised diagrams depicting the historical evolution of key economic variables.