Palgrave Macmillan Home
Login or Register    Shopping Basket Shopping Basket
Search 
 
 
 
 
Global Imbalances, Exchange Rates and Stabilization Policy
 
   Enlarge Image
 
 
Global Imbalances, Exchange Rates and Stabilization Policy
 
 
Palgrave Macmillan
 
 
 
 
 
23 Jul 2009
|
£73.00
|Hardback Print on Demand
  
9780230576858
||
 
 
eBooks ebook on Palgrave Connect ebook available via library subscriptions ebook on ebooks.com 
 
 


OrderHelpBox
                                                                                                                                              returns, payment and delivery


DescriptionContentsAuthors

As Economies become more integrated with the rest of the world, the need to better understand their international monetary linkages becomes ever more important. This book analyzes key international monetary issues from a macro-foundations perspective, focusing on economy-wide variables that form the basis of real-world macroeconomic policy analysis. It proposes novel frameworks to interpret real and financial sector linkages for globally integrated economies. Issues examined include: global imbalances, exchange rates, foreign reserves, interest rates, international capital flows, inflation, external and public debt, as well as the effectiveness of monetary and fiscal policy under different exchange rate regimes.

Drawing heavily upon much-neglected precepts, such as the output-absorption distinction and traditional flow-of-funds analysis, the book provides an alternative to the micro-founded approach of the prevalent international macroeconomics paradigm, and to earlier aggregative models. By emphasizing the production side of the economy as the starting point for analysis, unique frameworks yield results about the efficacy of macroeconomic policy under both fixed and floating exchange rate regimes that differ from those derived from standard aggregate demand oriented approaches.


Description

As Economies become more integrated with the rest of the world, the need to better understand their international monetary linkages becomes ever more important. This book analyzes key international monetary issues from a macro-foundations perspective, focusing on economy-wide variables that form the basis of real-world macroeconomic policy analysis. It proposes novel frameworks to interpret real and financial sector linkages for globally integrated economies. Issues examined include: global imbalances, exchange rates, foreign reserves, interest rates, international capital flows, inflation, external and public debt, as well as the effectiveness of monetary and fiscal policy under different exchange rate regimes.

Drawing heavily upon much-neglected precepts, such as the output-absorption distinction and traditional flow-of-funds analysis, the book provides an alternative to the micro-founded approach of the prevalent international macroeconomics paradigm, and to earlier aggregative models. By emphasizing the production side of the economy as the starting point for analysis, unique frameworks yield results about the efficacy of macroeconomic policy under both fixed and floating exchange rate regimes that differ from those derived from standard aggregate demand oriented approaches.


Contents

Introduction
The Global Economy and External Imbalances
Global Imbalances and Exchange Rates
External Imbalances and National Income
International Capital Mobility and National Income
External Imbalances, Exchange Rates and Interest Rates
Money, Exchange Rates and the Balance of Payments
Stabilisation Policy, Interest Rates and National Income
Real Exchange Rate, External Imbalances and National Income
Select Stabilisation Policy Issues
Epilogue


Authors

ANTHONY J. MAKIN is Professor of Economics at Griffith University, Australia. He previously served as a senior economist in the Australian departments of Finance and Treasury and with the IMF Institute in Singapore. He has represented Australia at Pacific Economic Co-operation Council conferences and published widely on international macroeconomic theory and policy issues.