International Macroeconomics: Beyond the Mundell-Fleming Model / Maurice Obstfeld.

Format:

Book

Author/Creator:

Obstfeld, Maurice.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8369.

NBER working paper series no. w8369

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

International Macroeconomics

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2001.

Summary:

This lecture presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of very recent progress. Along the way, it reviews important empirical evidence that has inspired alternative modeling approaches, as well as theoretical and policy considerations behind developments in the field. The most recent advances in model building center on the 'new open economy macroeconomics,' which synthesizes Keynesian nominal rigidities, intertemporal approaches to open economy dynamics, and the effects of market structure on international trade.

Notes:

Print version record

July 2001.