International Macroeconomics (Paperback: 676 pages)
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Product Details: International Macroeconomics
| Author: | Victor Argy |
| Format: | Paperback: 676 pages. |
| Publisher: | Routledge Chapman & Hall (06/01/1994) |
| ISBN: | 0415098238 |
| Reading Level: |
Publisher Notes: International Macroeconomics
- "International Macroeconomics" is a comprehensive and sophisticated account of the current state of international macroeconomics. Victor Argy presents a completely up-to-date review of recent developments in theoretical modelling in open economy macroeconomics as well as international monetary economics. Covering theory, policy application and case studies, the book offers a clear introduction to international macroeconomics that requires only basic mathematical knowledge.
The book examines the evolution of global exchange rate regimes and describes their operation in various countries. Argy evaluates gold standard regimes, the I. M. F. system, the float and the E. M. S. The next section of the book introduces readers to a detailed and rigorous analysis of open economy models, including the Mundell-Fleming model and its many variants. Argy examines the New Classical contributions in detail and provides an extensive review of exchange rate models. He applies the model framework to address key policy issues: determining macro targets; assigning instruments to targets; the pros and cons of macro policy coordination; and evaluating global macro performance. The last section of the book reviews some country experiences with macro policy, notably Thatcherism, Reaganomics, and policies in Japan.
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