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.
Table of Contents
Introduction Part 1: Stablisation Policy in the Mundell-Flemming Model Part 2: Expenditure-Switching Policy: Devaluation and balance of payments adjustment Part 3: Achieving the Internal and External Balance Simultaneously: Targets and instruments Part 4: Interdependence and Macroeconomic Policy Co-ordination Part 5: The International Monetary System and Monetary Policy: Design and institutions Part 6: Exchange Rate Determination and Policy Part 7: Monetary Unions and the EMU Part 8: Tax Policy in Open Economies: Competition vs. co-ordination Part 9: Labour Market Policy and Institutions: A comparative assessment
'The book is different from and superior to many macroeconomics textbooks - not only because of its unique approach to open economy macroeconomic policy issues, but also because of the extensive introductions, questions/exercises and suggested reading it provides in each part . An Open Economy Macroeconomics Reader is an essential reference for all interested in open economy macroeconomic policy - including policy-makers, practitioners, students and lecturers. Without doubt, the book will also be an rewarding source of reading for both undergraduate and postgraduate students of economics.' - Osman Aydgus, The Agean University, Turkey
'Little that a student of intermediate macroeconomics needs to know is missing from these pages'. - Nigel Grimwade, The Times Higher, June 2002