LEADER 05463nam 22007453u 450 001 9910782071203321 005 20230803020027.0 010 $a0-415-09823-8 010 $a1-134-96176-6 010 $a0-203-08630-9 010 $a1-283-96979-3 010 $a1-134-96177-4 035 $a(CKB)1000000000521152 035 $a(EBL)1111530 035 $a(OCoLC)826854931 035 $a(SSID)ssj0000280882 035 $a(PQKBManifestationID)11223554 035 $a(PQKBTitleCode)TC0000280882 035 $a(PQKBWorkID)10300647 035 $a(PQKB)10003909 035 $a(OCoLC)70765789 035 $a(FINmELB)ELB132713 035 $a(MiAaPQ)EBC1111530 035 $a(EXLCZ)991000000000521152 100 $a20130418d2013|||| u|| | 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInternational Macroeconomics$b[electronic resource] $eTheory and Policy 210 $aHoboken $cTaylor and Francis$d2013 210 1$aLondon ;$aNew York :$cRoutledge,$d1994. 215 $a1 online resource (677 p.) 300 $aDescription based upon print version of record. 311 $a0-415-09822-X 320 $aIncludes bibliographical references and index. 327 $aINTERNATIONAL MACROECONOMICS THEORY AND POLICY; Copyright; Contents; List of figures; List of tables; Acknowledgements; General introduction; Part I Global exchange rate regimes; 1 The gold standard regime; 2 The International Monetary Fund system; 3 The float; 4 The European Monetary System; 5 The increased financial interdependence in the world economy; Part II Open economy models - comparative statics analysis; 6 The Mundell-Fleming model; 7 The Mundell-Fleming model - its strengths and limitations; 8 The Mundell-Fleming model with wage and price adjustment 327 $a9 Disequilibrium models of product and labour markets10 The portfolio balance model of the monetary sector; 11 The Mundell-Fleming model with wealth; 12 The classical elasticities approach to a devaluation; 13 A two-country Mundell-Fleming type model; 14 The two-country model with flexible wages and prices; 15 Econometric evidence - the large-country case; 16 A three-country model and the European Monetary System; 17 A two-sector model of a small economy with flexible exchange rates; Part III Open economy models - dynamic analysis 327 $a18 Dynamic effects of a monetary expansion under flexible rates - the Dornbusch 1976 model19 Branson's portfolio balance model - monetary expansion under flexible rates; 20 The dynamic adjustment to a fiscal deficit - a simple framework; 21 An extended Mundell-Fleming model with J curves; 22 Effects of a restrictive money growth policy on the path of inflation and unemployment; Part IV New Classical themes; 23 Macro policy impotence and the New Classical paradigm; 24 The effects of anticipated monetary and fiscal policies in a small economy with flexible exchange rates 327 $a25 The equilibrium rate of inflation with discretion and some reputation26 The Ricardian equivalence hypothesis; Part V A general framework; 27 Modelling goods and money markets; 28 Modelling production and labour markets; 29 Imposing medium- to long-run constraints on the model; 30 The effects in the short and the long run of a monetary and fiscal expansion under flexible rates in a more general framework; Part VI Models of exchange rates; 31 Modelling exchange rates (1); 32 Modelling exchange rates (2); 33 Foreign exchange market efficiency and financial integration - concepts and evidence 327 $aPart VII Policy design34 Macro policy targets; 35 The regulatory-institutional environment, the policy regime and macro performance; 36 Choosing the exchange rate regime; 37 Rules versus discretion; 38 Assignment rules for internal and external balance; 39 Theoretical evaluation of alternative simple policy regimes; 40 Econometric evaluation of policy regimes; 41 Issues raised by nominal income targeting; 42 Global macro performance - 1972-91; 43 The rise and fall of monetarism; 44 Unemployment performance and policy; 45 Macro policy coordination; Part VIII Case studies of macro policy 327 $a46 A decade of Thatcherism: 1979-89 - Thatcherism and Reaganomics compared 330 $aInternational 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 606 $aForeign exchange 606 $aMacroeconomics 606 $aMacroeconomics$xEconometric models 606 $aForeign exchange 606 $aEconomic Theory$2HILCC 606 $aBusiness & Economics$2HILCC 615 4$aForeign exchange. 615 4$aMacroeconomics. 615 0$aMacroeconomics$xEconometric models 615 0$aForeign exchange 615 7$aEconomic Theory 615 7$aBusiness & Economics 676 $a339 700 $aArgy$b Victor$0124148 801 0$bAU-PeEL 801 1$bAU-PeEL 801 2$bAU-PeEL 906 $aBOOK 912 $a9910782071203321 996 $aInternational macroeconomics$9873777 997 $aUNINA