International Macroeconomics (eBook)

A Modern Approach

Stephanie Schmitt-Grohé, Martín Uribe, Michael Woodford (Autoren)

eBook Download: PDF

2022
482 Seiten
Princeton University Press (Verlag)
978-0-691-18954-3 (ISBN)

Infos

An essential introduction to one of the most timely and important subjects in economicsInternational Macroeconomics presents 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. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including 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. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking.Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master's instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter

Produkt-Details

• Erscheint lt. Verlag: 6.9.2022
• Zusatzinfo: 1 color + 125 b/w illus. 10 tables.
• Sprache: englisch
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: accountant • Addition • Argentine peso • asset • At A Premium • balance of trade • Bank of England • beneficiary • Big Mac PPP • Bond Market • Brazilian real • budget constraint • Capital control • Capital Market • Cedar Waxwing • Central Bank • Chipping sparrow • Cobb–Douglas production function • Comparative Advantage • Composite good • consumer • Cost Of Funds • Cost of living • Crowding out (economics) • Currency • Currency Union • Current Account • Curvature • debt limit • Demand For Labor • Depreciation • Devaluation • Domestic worker • Economic equilibrium • Economic Power • economic surplus • economy • Ecuadorians • Effectiveness • Elasticity of substitution • Entrepreneurship • Eurozone • excess supply • Exchange Rate • Externality • Factors of Production • Fear of floating • Finance • Financial Account • Financing cost • Fiscal Adjustment • fiscal gap • Fixed exchange-rate system • Food away from home • Foreign Exchange Market • Forward Rate • Francis Ysidro Edgeworth • Full employment • Function (mathematics) • global imbalances • Global saving glut • Government budget balance • government office • Gross Rate Of Return • Haircut (finance) • High-yield debt • Household • income • Indifference curve • Inflation • Inflation Targeting • Inflation Tax • Interest Cost • Interest Rate • interest rate parity • International Comparison Program • Intertemporal budget constraint • Investment • Investment goods • Involuntary unemployment • Law of one Price • Leverage (finance) • Liquidity preference • Liquidity preference (venture capital) • Lithuania • logarithm • Lump sum • Marginal cost • Marginal product • marginal product of capital • Market Clearing • Market power • Market Price • Maximizer • minimum wage law • monetary authority • monetary policy • Monetary Theory • Money Supply • Myanmar • Net international investment position • Nominal interest rate • North America • obstacle • Offer curve • Pareto Efficiency • Payroll tax • Perfect Hedge • permanent income hypothesis • power function • Precautionary Savings • Present Value • Price elasticity of demand • price level • Production Function • Production–possibility frontier • Profit (economics) • Profit Maximization • purchasing power • Purchasing Power Parity • Quantitative Easing • Quantity theory of money • Random Variable • Rate of return • Rate schedule (federal income tax) • real gross domestic product • Real Income • Real interest rate • Real versus nominal value (economics) • real wages • Recession • Regulation Q • Relative price • Relative purchasing power parity • return on equity • Revenue • Risk Aversion • saving • Seigniorage • Shrub • Silver coin • Social Security (United States) • Soft landing (economics) • stabilization policy • Stagflation • Statistic • Subsidy • substitution effect • Supply and Demand • Swiss franc • tariff • Tax • Tax Cut • Tax Rate • Terms of Trade • Thailand • Theory of taxation • Transaction account • Twin deficits hypothesis • Unemployment • Unintended Consequences • Uruguay • User pays • Utility • Variable (mathematics) • wage
• ISBN-10: 0-691-18954-4 / 0691189544
• ISBN-13: 978-0-691-18954-3 / 9780691189543