Short description International Macroeconomics provides students with an analytically rigorous introduction to macroeconomics. Utilizing a uniquely unified, single-model approach, this textbook guides the reader through a broad range of policy issues, historic cases, institutions, and specific countries, which allows for an extensive overview of macroeconomics within an international context. Its strong policy orientation reflects the experience of an author who worked for many years at the IMF and ensures that this book will appeal to a broad range of students.
From the contents Chapter 1. An Overview of the Book.
Chapter 2. Open-Economy Macroeconomic Accounting.
Chapter 3. Macroeconomic Influences on the Foreign Exchange Market.
Appendix 3.1 Properties of Logarithms.
Chapter 4. The Macroeconomic Framework.
Appendix 4.1 The Marshall-Lerner Condition.
Appendix 4.2 The Framework in Log-Linear Form.
Chapter 5. The Classical Gold Standard.
Chapter 6. Gold Standard Macroeconomics.
Appendix 6.1 The Gold Standard with Zero Capital Mobility.
Chapter 7. The Bretton Woods System.
Chapter 8. Macroeconomics under Soft Pegs and Imperfect Capital Mobility.
Appendix 8.1 Alternative Monetary Policy Regimes.
Chapter 9. Fixed Exchange Rates in a Financially Integrated World: Currency Crises and "Hard" Pegs.
Appendix 9.1 The Monetary Approach to the Balance of Payments (MABP).