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An Open Economy Macroeconomics Reader

By: Mehmet Ugur (Editor)

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Hardcover | 20 December 2001 | Edition Number 1

At a Glance

Hardcover
564 Pages

Dimensions(cm)
23.4 x 15.6 x 3.18

Hardcover

RRP $420.00

$359.75

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Technically speaking, open economies are any that engage in international trade. However, the smaller the economy, the more 'open' it can be presumed to be because fluctuations in international trade have a far greater impact on a country's trading conditions and it is unlikely to produce the full range of its own goods and services. The US, therefore, can be considered to be a relatively closed economy as its imports and exports amount to only a fraction of its gross domestic product. Smaller countries, on the other hand, rely much more heavily on their neighbours. Open Economy Macroeconomics: A Reader draws together the seminal contributions to the literature on macroeconomics in open economies and illuminates the material by way of a range of key features: Discussion questions Suggestions for further reading Reference to the key journal articles in the field Boxed key terms Students are thus provided with an essential guide to the subject as commented upon by the most influential commentators. Amongst those whose work appears are Robert Mundell, Charles Goodhart, Paul de Grauwe and James Meade.

Industry Reviews

'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

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