Open Economy Macroeconomics

Fülszöveg

Open
Economy
Macroeconomics
Rudiger Dornbusch
This pathbreaking book by one of the country's leading economists represents the first systematic and comprehensive at-tempt to integrate the closed economy macroeconomics of standard textbooks with the open economy problems of inter-national trade and fináncé. On the one hand, Professor Dornbusch shows how openness modifies standard macroeconomics and qualifies many of its estab-lished policy precepts. On the other hand, the application of macroeconomics con-cepts to traditional international monetary economics provides fresh insights into im-portant linkages.
Open Economy Macroeconomics covers all the standard topics and techniques— from national income accounting to growth and trade under flexible exchange rates and from simple multiplier models to perfect foresight models—clearly and systematically, paying special attention to the needs of instructors and students. Throughout the text the emphasis is on the
(continued on back... Tovább

Fülszöveg

Open
Economy
Macroeconomics
Rudiger Dornbusch
This pathbreaking book by one of the country's leading economists represents the first systematic and comprehensive at-tempt to integrate the closed economy macroeconomics of standard textbooks with the open economy problems of inter-national trade and fináncé. On the one hand, Professor Dornbusch shows how openness modifies standard macroeconomics and qualifies many of its estab-lished policy precepts. On the other hand, the application of macroeconomics con-cepts to traditional international monetary economics provides fresh insights into im-portant linkages.
Open Economy Macroeconomics covers all the standard topics and techniques— from national income accounting to growth and trade under flexible exchange rates and from simple multiplier models to perfect foresight models—clearly and systematically, paying special attention to the needs of instructors and students. Throughout the text the emphasis is on the
(continued on back flap)
(continued from front flap)
usefulness of different models for eco-nomic policy and on distinguishing those variables that matter from those that can be omitted—in a word, on the making and use of theory. The result is that rarity, an extraordinarily teachable text (for stu-dents of international economics and grad-uate macroeconomics) that alsó makes a genuine contribution to the field. Vissza