This book draws together seminal contributions on the nature of macroeconomics in open economies and illuminates the material by using:
* explanatory introductions to each piece
* discussion questions
* suggestions for further reading
* reference to the key journal articles
* boxed key terms.
This is an essential guide to the subject for students, as commented upon by the most influential commentators.
'The book is different from and superior to many macroeconomics textbooks - not only because of its unique approach to open economy macroeconomic policy issues, but also because of the extensive introductions, questions/exercises and suggested reading it provides in each part. An Open Economy Macroeconomics Reader is an essential reference for all interested in open economy macroeconomic policy - including policy-makers, practitioners, students and lecturers. Without doubt, the book will also be an rewarding source of reading for both undergraduate and postgraduate students of economics.' - Osman Aydgus, The Agean University, Turkey
'Little that a student of intermediate macroeconomics needs to know is missing from these pages'. - Nigel Grimwade, The Times Higher Education Supplement
Introduction Part 1: Stablisation Policy in the Mundell-Flemming Model Part 2: Expenditure-Switching Policy: Devaluation and balance of payments adjustment Part 3: Achieving the Internal and External Balance Simultaneously: Targets and instruments Part 4: Interdependence and Macroeconomic Policy Co-ordination Part 5: The International Monetary System and Monetary Policy: Design and institutions Part 6: Exchange Rate Determination and Policy Part 7: Monetary Unions and the EMU Part 8: Tax Policy in Open Economies: Competition vs. co-ordination Part 9: Labour Market Policy and Institutions: A comparative assessment