Open Economy Macroeconomics

Author: Asbjørn Rødseth

Publisher: Cambridge University Press

ISBN: 9780521788748

Category: Business & Economics

Page: 383

View: 1250

Advanced textbook offering a broad survey of open economy macroeconomics within a unified framework. Rødseth reviews the theories used in government departments, central banks and financial institutions and that form the basis for most quantitative models of open economies. The resulting policy implications are also considered with reference to current European debate. In addition to the theoretical and policy analysis the book also contains a comprehensive survey of the current state of scholarship in this area.
Posted in Business & Economics

An Open Economy Macroeconomics Reader

Author: Mehmet Ugur

Publisher: Psychology Press

ISBN: 9780415253321

Category: Business & Economics

Page: 545

View: 6396

This book draws together seminal contributions on the nature of macroeconomics in open economies and illuminates the material by using: * explanatory introductions to each piece * discussion questions * suggestions for further reading * reference to the key journal articles * boxed key terms. This is an essential guide to the subject for students, as commented upon by the most influential commentators.
Posted in Business & Economics

Current issues in open economy macroeconomics

paradoxes, policies, and problems

Author: J. L. Ford

Publisher: Edward Elgar Pub

ISBN: N.A

Category: Business & Economics

Page: 223

View: 7439

"I am very happy to see a collection of papers like this, which uses standard methods of macro-dynamics and sensible down-to-earth models. Stephen J. Turnovsky, University of Washington, USK KOpen economy macroeconomics is a major focus of research interest stimulated in part by the increasing interdependence of the world economy and by the move towards floating exchange rates. This important new book addresses several central issues in the macroeconomic theory of different forms of open economies under differing degrees of dependency.
Posted in Business & Economics

International Finance and Open-Economy Macroeconomics

Study Edition

Author: Giancarlo Gandolfo

Publisher: Springer Science & Business Media

ISBN: 9783540434597

Category: Business & Economics

Page: 613

View: 4401

"This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University) From the reviews: "In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual and graphical approach, while at the same time presenting in the appendices explicit mathematical analyses for more advanced graduate students." (Journal of Banking & Finance 2004)
Posted in Business & Economics

Open Economy Macroeconomics in Developing Countries

Author: Carlos A. Végh Gramont,Carlos A. Végh

Publisher: MIT Press

ISBN: 026201890X

Category: Business & Economics

Page: 899

View: 8494

This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues. Eschewing the complex calibrated models on which the field of international finance increasingly relies, the book teaches the reader how to think in terms of simple models and grasp the fundamentals of open economy macroeconomics. After analyzing the standard intertemporal small open economy model, the book introduces frictions such as imperfect capital markets, intertemporal distortions, and nontradable goods, into the basic model in order to shed light on the economy's response to different shocks. The book then introduces money into the model to analyze the real effects of monetary and exchange rate policy. It then applies these theoretical tools to a variety of important macroeconomic issues relevant to developing countries (and, in a world of continuing financial crisis, to industrial countries as well), including the use of a nominal interest rate as a main policy instrument, the relative merits of flexible and predetermined exchange rate regimes, and the targeting of "real anchors." Finally, the book analyzes in detail specific topics such as inflation stabilization, "dollarization," balance of payments crises, and, inspired by recent events, financial crises. Each chapter includes boxes with relevant empirical evidence and ends with exercises. The book is suitable for use in graduate courses in development economics, international finance, and macroeconomics.
Posted in Business & Economics

Exercises in Intertemporal Open Economy Macroeconomics

Author: Thomas H. Krueger,Jonathan David Ostry,Chi-Wa Yuen

Publisher: MIT Press

ISBN: 9780262611305

Category: Business & Economics

Page: 171

View: 3495

This exercise manual has been revised to be a companion volume to the third edition of Fiscal Policies and the World Economy by Jacob Frenkel and Assaf Razin. It includes new material on endogenous growth, convergence, and an extension of the Mundell-Flemming model.
Posted in Business & Economics

International Finance and Open-Economy Macroeconomics

Theory, History, and Policy Second Edition

Author: Hendrik Van den Berg

Publisher: World Scientific Publishing Company

ISBN: 9814651184

Category: Business & Economics

Page: 988

View: 3030

International Finance and Open-Economy Macroeconomics provides a complete theoretical, historical, and policy-focused account of the international financial system that covers all of the standard topics, such as foreign exchange markets, balance of payments accounting, macroeconomic policy in an open economy, exchange rate crises, multinational enterprises, and international financial markets. The book uses the 1944 Bretton Woods Conference as a unifying theme to relate the many controversial issue. It is written in a lively manner to bring real world events into the discussion of all of the concepts, topics, and policy issues. There is also emphasis on the history of economic thought in order to explain how economists in different time periods dealt with international financial issues.
Posted in Business & Economics

The Balance of Payments

New Perspectives on Open Economy Macroeconomics

Author: Mark P. Taylor

Publisher: Edward Elgar Pub

ISBN: N.A

Category: Business & Economics

Page: 210

View: 4751

Written in a clear and concise style, this is an excellent contribution to the monetary analysis of the balance of payments. E.J. Pentecost, University of Loughborough, UK
Posted in Business & Economics

Macroeconomics for Open Economies

Author: Syed Mansoob Murshed

Publisher: Cengage Learning EMEA

ISBN: 9780030990106

Category: Economic policy

Page: 210

View: 5663

Posted in Economic policy

Open Economy Macroeconomics

Author: Martín Uribe,Stephanie Schmitt-Grohé

Publisher: Princeton University Press

ISBN: 1400885302

Category: Business & Economics

Page: 648

View: 2570

A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes
Posted in Business & Economics

Open-economy Macroeconomics for Developing Countries

Author: Md. Akhtar Hossain,Akhtar Hossain

Publisher: Edward Elgar Publishing

ISBN: N.A

Category: Business & Economics

Page: 252

View: 6290

'The teaching of macroeconomics has had to change in recent years to take account of the ever-increasing integration of the world economy, with countries more open to foreign investment and capital flows, and vulnerable to exchange rate movements and capital flight. Hossain and Chowdhury have written an exciting new macro-text for the 21st century reflecting these issues, which will be invaluable to teachers and students world-wide.' - A.P. Thirlwall, University of Kent at Canterbury, UK 'Hossain and Chowdhury have produced a thoughtful, informative and well-written introduction to macroeconomic theory and policy for developing countries. Their book should be a welcome complement to some of the more comprehensive economic development textbooks now being used, especially for advanced undergraduate and graduate economics students.' - Michael P. Todaro, New York University and Research Division of the Population Council, New York, US Open-Economy Macroeconomics for Developing Countries focuses on fiscal, monetary and exchange rate issues of importance to less developed economies. the book argues that the dichotomy between the short-term macroeconomic stabilization goal and the long-term economic growth objective commonly found in developing countries' policy framework is inappropriate. the authors report empirical evidence to support the proposition that macroeconomic stability is a pre-requisite for sustained economic growth and the root of macroeconomic instability in developing countries lies in the government budget deficits.
Posted in Business & Economics

Open-Economy Macroeconomics

Author: Helmut Frisch,Andreas Worgotter

Publisher: Springer

ISBN: 1349128848

Category: Business & Economics

Page: 416

View: 9275

The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.
Posted in Business & Economics

Macroeconomic Policy in Open Economies

Author: Michele Fratianni,Dominick Salvatore

Publisher: Greenwood Publishing Group

ISBN: 9780313289897

Category: Business & Economics

Page: 580

View: 7819

An ideal reference for upper-level students, researchers, and policy makers concerned with the international dimension of macroeconomic policy.
Posted in Business & Economics

Principles of International Finance and Open Economy Macroeconomics

Theories, Applications, and Policies

Author: Cristina Terra

Publisher: Academic Press

ISBN: 0128025387

Category: Business & Economics

Page: 362

View: 3648

Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries. Unlike most macroeconomic textbooks, which typically emphasize issues about developed countries while downplaying issues related to developing countries, this book emphasizes problems in emerging economies, including those in Latin American countries. It also explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis. Concentrates on developing country perspectives on International Finance and the Economy, including those in Latin American countries Provides case studies and publicly available data allowing readers to explore theories and their applications Explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis Proposes a unified mathematical model accessible to those with basic mathematical skills
Posted in Business & Economics

Open Economy Macroeconomics in East Asia

Author: Ahmad Zubaidi Baharumshah

Publisher: Routledge

ISBN: 1351152106

Category: Business & Economics

Page: 260

View: 2565

The East Asia countries were among the fastest growing economies in the world and of increasing importance to the world economy. These countries have taken the lead in adopting outward-oriented development policies. This volume focuses on the major issues on open economy macroeconomics in the East Asia economies that will be instructive to both academics and policymakers. The emphasis is on the countries that were severely affected by the 1997/98 Asian financial crises. Several aspects of exchange rate, current account, budget deficits, monetary and financial issues are considered in this book. In addition, several chapters are devoted to discussion on the issues of economic integration in the region. The contagion and the currency crisis are also discussed thoroughly. Most of the chapters are empirical in nature and the empirical evidence provided is based on the recent development in time series econometrics methods.
Posted in Business & Economics

International Finance and Open Economy Macroeconomics

Author: Francisco L. Rivera-Batiz,Luis Rivera-Batiz

Publisher: Prentice Hall

ISBN: N.A

Category: Business & Economics

Page: 676

View: 3469

Integrating international finance and open economy macroeconomics, this text presents the concepts shaping international economic policy today. Topics covered include deregulation and internationalization of banking and finance in the 1980s and 1990s, and the economics of European integration.
Posted in Business & Economics

Open economy macroeconomics

theory, policy and evidence

Author: Ronald Shone

Publisher: N.A

ISBN: N.A

Category: Business & Economics

Page: 443

View: 3102

Posted in Business & Economics

Open economy macroeconomics. 1(2006)

Author: Norman C. Miller

Publisher: N.A

ISBN: 9781843764564

Category: Macroeconomics

Page: 505

View: 3070

Posted in Macroeconomics

Open-economy Macroeconomics for Developing Countries

Author: Akhtar Hossain,Anis Chowdhury

Publisher: Edward Elgar Publishing

ISBN: 9781840644531

Category: Business & Economics

Page: 252

View: 8477

The authors (economics, U. of Newcastle, Australia and U. of Western Sydney, Australia, respectively) argue that there is no dichotomy between short-term macroeconomic stabilization and long-term economic growth. They attempt to show that macroeconomic stability is a prerequisite for sustained growth and the root of macroeconomic instability in developing countries lies in the government budget deficits. Annotation copyrighted by Book News, Inc., Portland, OR.
Posted in Business & Economics