ABSTRACT

International Macroeconomics: Theory and Policy offers phenomenal coverage across the entire subject of international macroeconoimics in an open economy context. The book has four objectives:
* to describe the evolution of and experiences with global exchange rate regimes
* to introduce the reader to a rigorous analysis of open economy models
* to apply the model framework to address key policy issues
* to review individual country experiences of macro policy

part I|50 pages

Global Exchange Rate Regimes

chapter 1|9 pages

The gold standard regime

chapter 2|14 pages

The International Monetary Fund system

chapter 3|8 pages

The float

chapter 4|12 pages

The European Monetary System

part II|150 pages

Open Economy Models – Comparative Statics Analysis

chapter 6|20 pages

The Mundell–Fleming model

chapter 11|12 pages

The Mundell–Fleming model with wealth

chapter 13|25 pages

A two-country Mundell-Fleming type model

part VI|28 pages

Models of Exchange Rates

part VII|170 pages

Policy Design

chapter 34|23 pages

Macro policy targets

chapter 36|23 pages

Choosing the exchange rate regime

chapter 37|12 pages

Rules versus discretion

chapter 40|8 pages

Econometric evaluation of policy regimes

chapter 41|6 pages

Issues raised by nominal income targeting

chapter 42|14 pages

Global macro performance – 1972–91

chapter 43|13 pages

The rise and fall of monetarism

chapter 44|13 pages

Unemployment performance and policy

chapter 45|18 pages

Macro policy coordination