An open economy macroeconomics reader / edited by Mehmet Ugur.

Format:

• Book

Contributor:

• Ugur, Mehmet.

Language:

English

Subjects (All):

• Macroeconomics.

Physical Description:

xviii, 545 pages : illustrations ; 24 cm

Place of Publication:

London ; New York : Routledge, 2002.

Summary:

This book draws together the seminal contributions to the literature on the nature of macroeconomics in open economies and illuminates the material by using: * explanatory introductions to each piece * discussion questions * suggestions for further reading * reference to the key journal articles * boxed key terms. This is an essential guide to the subject for students, as commented upon by "the" most influential commentators.

Contents:

• Part I Stabilisation policy in the Mundell-Fleming model
• 1 Capital mobility and stabilization policy under fixed and flexible exchange rates (The Canadian Journal of Economics and Political Science, vol. 29, no. 4 (1963), pp. 487-99) / Robert A. Mundell 7
• 2 Domestic financial policies under fixed and under floating exchange rates (IMF Staff Papers, vol. 9, no. 3 (1962), pp. 369-79) / J. Marcus Fleming 19
• 3 The Mundell-Fleming model (V. Argy, International Macroeconomics: Theory and Policy, Routledge, 1994, pp. 73-84) / V. Argy 30
• 4 Extensions on the Mundell-Fleming model / Mehmet Ugur 42
• Part II Expenditure-switching policy
• 5 A history of thought on the balance of payments (Mark P. Taylor, The Balance of Payments: New Perspectives in Open Economy Macroeconomics, Edward Elgar (1990), pp. 1-24, 28-42) / Mark P. Taylor 60
• 6 The current account (J. Williamson and C. Milner, The World Economy: A Textbook in International Economics, Harvester-Wheatsheaf (1991), pp. 185-202, 207-18) / John Williamson, Chris Milner 93
• Part III Achieving the internal and external balance simultaneously
• 7 The appropriate use of monetary and fiscal policy for internal and external stability (IMF Staff Papers, vol. 9, no. 1 (1962), pp. 70-7) / Robert A. Mundell 132
• 8 Meade's synthesis (J. Williamson and C. Milner, The World Economy: A Textbook in International Economics, Harvester-Wheatsheaf (1991), pp. 203-7) / John Williamson, Chris Milner 139
• 9 The meaning of 'internal balance' (American Economic Review, vol. 83, no. 6 (December 1993), pp. 3-9) / James E. Meade 146
• 10 The internal and external balance when policy choice is endogenous / Mehmet Ugur 159
• Part IV Interdependence and macroeconomic policy co-ordination
• 11 International monetary interdependence in a Keynesian model (K. Hamada, The Political Economy of International Monetary Interdependence, The MIT Press (1985), pp. 45-65) / Koichi Hamada 179
• 12 International macroeconomic policy coordination: any lessons for EMU? (Empirica: Journal of Applied Economics and Economic Policy, vol. 26, no. 3 (1999), pp. 171-99) / Peter Mooslechner, Martin Schuerz 199
• Part V The international monetary system and monetary policy
• 13 Global capital movements, exchange rates and monetary policy (Karl-Josef Koch and Klaus Jaeger (eds.) (1998), Trade, Growth and Economic Policy in Open Economies: Essays in Honour of Hans-Jurgen Vosgerau, Springer-Verlag (1998), pp. 249-68) / Bernd Braasch, Helmut Hesse 236
• 14 What should central banks do? (The Economic Journal, vol. 104 (November 1994), pp. 1424-36) / Charles A.E. Goodhart 255
• 15 Central bank independence and monetary control (The Economic Journal, vol. 104 (November 1994), pp. 1437-48) / Alex Cukierman 269
• Part VI Exchange rate determination and policy
• 16 Exchange rate economics (IMF Staff Papers, vol. 39, no. 1 (1992), pp. 1-27) / Ronald MacDonald, Mark P. Taylor 291
• 17 Recent exchange-rate experience and proposals for reform (American Economic Review, vol. 86, no. 2 (1996), pp. 153-8) / Jeffrey A. Frankel 322
• 18 Exchange rates and the political economy of macroeconomic discipline (American Economic Review, vol. 86, no. 2 (1996), pp. 159-63) / Sebastian Edwards 330
• Part VII Monetary unions and the EMU
• 19 A theory of optimum currency areas (American Economic Review, vol. 51, no. 4 (1961), pp. 657-65) / Robert A. Mundell 345
• 20 Optimum currency areas (American Economic Review, vol. 53, no. 4 (1963), pp. 718-25) / Ronald McKinnon 354
• 21 The theory of optimum currency areas (Paul De Grauwe, The Economics of Monetary Integration, Oxford University Press (1992), pp. 30-60) / Paul De Grauwe 363
• 22 European monetary unification (Oxford Review of Economic Policy, vol. 14, no. 3 (1998), pp. 24-40) / Barry Eichengreen 387
• Part VIII Tax policy in open economies
• 23 Harmful tax competition (OECD, Harmful Tax Competition: An Emerging Global Issue, OECD (1998)) / OECD Committee on Fiscal Affairs 419
• 24 The case for international tax co-ordination reconsidered (Economic Policy, vol. 31 (October 2000), pp. 431-61, 466-72) / Peter Birch Sorensen 428
• Part IX Labour market policy and institutions
• 25 Key lessons for labour market reforms: evidence from OECD countries' experiences (Swedish Economic Policy Review, vol. 5, no. 2 (1998), pp. 207-52) / Jorgen Elmeskov, John P. Martin, Stefano Scarpetta 474
• 26 Labour market regulation and unemployment (Dennis J. Snower and Guillermo De La Dehesa (eds), Unemployment Policy: Government Options for the Labour Market, Cambridge University Press (1997), pp. 395-424) / Paul Gregg, Alan Manning 510.

Notes:

Includes bibliographical references and index.

ISBN:

0415253322

OCLC:

47689753