International Macroeconomics

by Feenstra, Robert C.; Taylor, Alan M.

• ISBN13: 9781319061722
• ISBN10: 1319061729
• Edition: 4th
• Format: Paperback
• Copyright: 2016-12-21
• Publisher: Worth Publishers

Summary

Providing a modern view of today's economy you can relate to, International Macoeconomics combines theoretical coverage with empirical evidence to help you understand the realities of a global economy from established to emerging markets.

Author Biography

Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

 

Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy.  He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.  He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Table of Contents

Chapter 1 The Global Macroeconomy

Chapter 2 Introduction to Exchange Rates and the Foreign Exchange Market

Chapter 3 Exchange Rates I: The Monetary Approach in the Long Run

Chapter 4 Exchange Rates II: The Asset Approach in the Short Run

Chapter 5 National and International Accounts: Income, Wealth, and the Balance of Payments

Chapter 6 Balance of Payments I: The Gains from Financial Globalization

Chapter 7 Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

Chapter 8 Fixed versus Floating: International Monetary Experience

Chapter 9 Exchange Rate Crises: How Pegs Work and How They Break

Chapter 10 The Euro

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