did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

We're the #1 textbook rental company. Let us show you why.

9780631222880

International Macroeconomics and Finance Theory and Econometric Methods

by
  • ISBN13:

    9780631222880

  • ISBN10:

    063122288X

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2001-08-22
  • Publisher: Wiley-Blackwell
  • Purchase Benefits
  • Free Shipping Icon Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • eCampus.com Logo Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $77.81 Save up to $0.39
  • Buy New
    $77.42
    Add to Cart Free Shipping Icon Free Shipping

    PRINT ON DEMAND: 2-4 WEEKS. THIS ITEM CANNOT BE CANCELLED OR RETURNED.

Supplemental Materials

What is included with this book?

Summary

This short, concrete, and to-the-point book guides students through this vast field of conflicting opinions. The book starts from the premise that students benefit most from seeing a balanced treatment of all available views. For instance, it provides coverage of both ad hoc and optimizing models and also explores divisions such as flexible price versus sticky price models, rationality versus irrationality, and calibration versus statistical inference. By giving consideration to each of these 'mini debates,' this book shows how each approach has its good and bad points. International Macroeconomics and Finance also excels in its integration of theoretical and empirical issues: the theory is introduced by developing the canonical model in a topic area and then its predictions are evaluated quantitatively. Both the calibration method and standard econometric methods are covered. To avoid the 'black-box' perception that students sometimes develop, almost all of the results presented here are derived step-by-step from first principles. A conversational, logical presentation also makes this a supreme learning tool.

Author Biography


Nelson C. Mark is Professor of Economics at Ohio State University. He has been widely published in journals such as the Economic Journal, Journal of Applied Econometrics, Journal of International Economics, American Economic Review, Journal of Finance, International Economic Review, Journal of Financial Economics, and Journal of Monetary Economics. He is presently editor of Journal of Money, Credit and Banking.

Table of Contents

Preface ix
Some institutional background
1(16)
International financial markets
1(10)
National accounting relations
11(4)
The central bank's balance sheet
15(2)
Some useful time-series methods
17(45)
Unrestricted vector autoregressions
18(8)
The generalized method of moments
26(3)
The simulated method of moments
29(2)
Unit roots
31(8)
Panel unit-root tests
39(10)
Cointegration
49(3)
Filtering
52(10)
The monetary model
62(20)
Purchasing-power parity
62(3)
The monetary model of the balance of payments
65(2)
The monetary model under flexible exchange rates
67(3)
Fundamentals and exchange rate volatility
70(3)
Testing monetary model predictions
73(9)
Problems
80(2)
The Lucas model
82(25)
The barter economy
83(5)
The one-money monetary economy
88(4)
The two-money monetary economy
92(4)
An introduction to the calibration method
96(2)
Calibrating the Lucas model
98(9)
Appendix: Markov chains
104(2)
Problems
106(1)
International real business cycles
107(20)
Calibrating the one-sector growth model
107(11)
Calibrating a two-country model
118(9)
Foreign exchange market efficiency
127(36)
Deviations from UIP
128(8)
Rational risk premia
136(3)
Testing Euler equations
139(4)
Apparent violations of rationality
143(3)
The ``peso problem''
146(6)
Noise traders
152(11)
Problems
159(4)
The real exchange rate
163(16)
Some preliminary issues
164(1)
Deviations from the ``law of one price''
164(3)
Long-run determinants of the real exchange rate
167(3)
Long-run analyses of real exchange rates
170(9)
Problems
178(1)
The Mundell-Fleming model
179(26)
A static mundell-Fleming model
179(6)
Dornbusch's dynamic Mundell-Fleming model
185(4)
A stochastic Mundell-Fleming model
189(5)
VAR analysis of Mundell-Fleming
194(11)
Appendix: Solving the Dornbusch model
200(3)
Problems
203(2)
The new international macroeconomics
205(35)
The Redux model
206(18)
Pricing-to-market
224(16)
Problems
238(2)
Target-zone models
240(16)
Fundamentals of stochastic calculus
240(3)
The continuous-time monetary model
243(2)
Infinitesimal marginal intervention
245(5)
Discrete intervention
250(2)
Eventual collapse
252(1)
Imperfect target-zone credibility
253(3)
Balance-of-payments crises
256(14)
A first-generation model
257(5)
A second-generation model
262(8)
Bibliography 270(7)
Author index 277(2)
Subject index 279

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program