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FOUNDATIONS OF INTERNATIONAL MACROECONOMICS


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    Sinopse

    'Maury Obstfeld and Ken Rogoff are among the very best international macroeconomists working today. They are the perfect people to write the book we badly need -- a comprehensive, lucid treatment of the field that is neither sloppy nor doctrinaire, equipping its readers to understand both the broad areas of agreement among researchers and their important disputes. This book is ideal as a textbook, but it will also be a must-read for everyone in the field, no matter how senior. The chapters on sticky-price models, in particular, will, I predict, revolutionize the terms of the debate. A great achievement.' -- Paul Krugman, Ford International Professor of Economics, MIT, and author of The Age of Diminished Expectations 'This amazingly comprehensive book provides a lucid explanation of modern macroeconomic theory and applies the theory to a wide range of international issues. For reference and classroom use, it sets a new standard in open economy macroeconomics. The use of boxes and applications in an advanced graduate text such as this is unorthodox, but extremely effective.' -- John Campbell, Otto Eckstein Professor of Applied Economics, Harvard University 'This is a landmark treatment of dynamic, open-economy macroeconomics -- the only kind of macroeconomics that matters any more.' -- Paul Romer, Graduate School of Business, Stanford University Foundations of International Macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. With its clear and accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field. Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, the implications of (and problems inherent in) international capital market integration, growth, inflation and seignorage, policy credibility, real and nominal exchange rate determination, and many interesting special topics such as speculative attacks, target exchange rate zones, and parallels between immigration and capital mobility. Most main results are derived both for the small country and world economy cases. The first seven chapters cover models of the real economy, while the final three chapters incorporate the economy's monetary side, including an innovative approach to bridging the usual chasm between real and monetary models. src='books/OBSFH/redball.gif' HREF='http://www.wws.princeton.edu/ObstfeldRogoffBook.html'More on Foundations of International Macroeconomics...

    Detalhes do Produto

      • Ano de Edição: 1996
      • Ano:  1996
      • País de Produção: United States
      • Código de Barras:  9780262150477
      • ISBN:  0262150476
      • Encadernação:  CAPA DURA
      • Peso: 1.76 kg
      • Complemento:  NENHUM
      • Nº de Páginas:  808

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