International Macroeconomics: A Modern Approach

International Macroeconomics is an essential textbook for undergraduate and masters students studying international economics, providing a rigorous and theoretically elegant treatment of real-world international macroeconomic problems. It incorporates the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. The book introduces a basic model and applies it to fundamental questions in international economics, such as the determinants of the current account, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates, and interactions between monetary and fiscal policy. It confronts theoretical predictions using actual data, highlighting the power and limits of given theories and encouraging critical thinking. The textbook is accompanied by a website with lecture slides for every chapter and features a wealth of exercises to challenge students' theoretical skills and scrutinize the empirical relevance of models.

Format: Hardback
Length: 482 pages
Publication date: 06 September 2022
Publisher: Princeton University Press

International Macroeconomics is a comprehensive and timely introduction to one of the most important and pressing subjects in economics. This textbook provides a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach.

The book offers a unique perspective on international economics by introducing a basic model and applying it to fundamental questions such as the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. By confronting theoretical predictions with actual data, the book highlights both the power and limits of given theories and encourages critical thinking.

Designed for undergraduate and masters instruction, International Macroeconomics aligns with modern economic research and follows a microfounded, optimizing, and dynamic general equilibrium approach. The book covers a wide range of topics, including capital controls, balance-of-payments crises, and the role of monetary policy in managing economic fluctuations. It uses real-world data to test the predictions of theoretical models and features a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of models.

In addition to the textbook, the book is accompanied by a website with lecture slides for every chapter, making it an invaluable resource for students and instructors alike. The website provides a comprehensive overview of the topics covered in the book, as well as additional examples and exercises to reinforce learning.

Overall, International Macroeconomics is a must-read for anyone interested in understanding the complex dynamics of the global economy and the policies that can shape its future. Its rigorous and theoretical approach, combined with real-world data and practical applications, makes it an essential resource for students, scholars, and policymakers alike.

Weight: 1166g
Dimension: 186 x 262 x 35 (mm)
ISBN-13: 9780691170640