International Macroeconomics

by Robert Feenstra, Alan Taylor

Overview

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emerging markets and developing economies. International Macroeconomics is a split volume from the text, covering:
• The gains from financial globalization (Chapter 6)
• Fixed versus floating regimes (Chapter 8)
• Exchange-rate crises (Chapter 9
• The Euro (Chapter 10)
As well as core topics:
• Foreign exchange markets and exchange rates in the short run and the long run (Chapters 2–4)
• The national and international accounts (Chapter 5)
• The open economy IS-LM model (Chapter 7)
• Applied topics of current interest (Chapter 11)

The new edition has been thoroughly updated, including the latest on the Eurozone crisis.  In addition, it will be available in it’s own dedicated version of LaunchPad, Worth Publishers’ breakthrough new online course space.

See what's in the LaunchPad

Product Details

ISBN-13:	9781319218423
Publisher:	Worth Publishers
Publication date:	10/23/2020
Edition description:	Fifth Edition
Pages:	448
Product dimensions:	8.53(w) x 10.85(h) x 0.54(d)

About the Author

Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.
 
Alan M. Taylor is Professor of Economics at the University of California, Davis. He received his B.A. in 1987 from King’s College, Cambridge, U.K and earned his Ph.D. in economics from Harvard University in 1992. Taylor has been teaching international macroeconomics, growth, and economic history at UC Davis since 1999, where he directs the Center for the Evolution of the Global Economy.  He is also a research associate of the National Bureau of Economic Research and coauthor (with Maurice Obstfeld) of Capital Markets: Integration, Crisis and Growth (Cambridge University Press, 2004). Taylor was awarded a Guggenheim Fellowship in 2004 and was a visiting professor at the American University in Paris and London Business School in 2005–06.  He lives in Davis, with his wife Claire, and has two young children, Olivia and Sebastian.

Table of Contents

PART 1 INTRODUCTION TO INTERNATIONAL MACROECONOMICS
1. The Global Macroeconomy

PART 2 EXCHANGE RATES
2. Introduction to Exchange Rates and the Foreign Exchange Market
3. Exchange Rates I: The Monetary Approach in the Long Run
4. Exchange Rates II: The Asset Approach in the Short Run

PART 3 THE BALANCE OF PAYMENTS
5. National and International Accounts: Income, Wealth, and the Balance of Payments
6. Balance of Payments I: The Gains from Financial Globalization
7. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

PART 4 APPLICATIONS AND POLICY ISSUES
8. Fixed Versus Floating: International Monetary Experience
9. Exchange Rate Crises: How Pegs Work and How They Break
10. The Euro: Economics and Politics
11. (online only) Topics in International Macroeconomics