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Open economy macroeconomics /
Professor Rodseth provides a broad survey of open economy macroeconomics within a unified framework. This upper-level textbook reviews the theories employed by ministries of finance, central banks and financial institutions which form the basis for most quantitative models of open economies. It also...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Cambridge University Press,
2000.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Professor Rodseth provides a broad survey of open economy macroeconomics within a unified framework. This upper-level textbook reviews the theories employed by ministries of finance, central banks and financial institutions which form the basis for most quantitative models of open economies. It also points out the limitations of these theories and gives an update on recent research. The emphasis is on how the nature of the markets for foreign exchange and for exports and imports sets the stage for government policy and determines the macroeconomic effects of external and internal shocks. Particular attention is paid to the relations between short- and long-run equilibria and the long-run consequences of national policies. Short-run wage rigidities play a key role, and models with wage bargaining are compared to more traditional formulations. Exchange rate policy and the transmission of shocks are discussed both from a national and an international perspective. |
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| Descripción Física: | 1 online resource (xiii, 383 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 369-379) and index. |
| ISBN: | 0511118783 9780511118784 0511016190 9780511016196 9780511754074 0511754078 1280159197 9781280159190 0511046367 9780511046360 9786610159192 661015919X 0521788749 9780521788748 1107111382 9781107111387 0511149174 9780511149177 0511323131 9780511323133 |