Open-Economy Macroeconomics |
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| Editor:
| Frisch, Helmut
Worgotter, Andreas |
| Series title: | International Economic Association Ser. |
| ISBN: | 978-1-349-12884-6 |
| Publication Date: | Jul 2016 |
| Publisher: | Palgrave Macmillan
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| Book Format: | Ebook |
| List Price: | USD $99.00 |
Book Description:
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The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic...
More DescriptionThe integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.