Description
Book Synopsis: A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals.
Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy.
Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners.
- Detailed exploration of international business-cycle analysis
- Coverage of financial frictions as drivers and transmitters of business cycles and global crises
- Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy
- Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability
Chapters include exercises and replication codes
Details
Are you looking to master the field of open economy macroeconomics? Look no further than our cutting-edge graduate-level textbook, Open Economy Macroeconomics. This comprehensive textbook combines theoretical models and data to bring you the latest developments in the field. With the tools and context provided in this book, you'll be equipped to conduct new research and propose innovative policy solutions. Don't miss out on the opportunity to stay at the research frontier - get your copy of Open Economy Macroeconomics today!
With Open Economy Macroeconomics, authored by Martín Uribe and Stephanie Schmitt-Grohé, you'll gain a deep understanding of international business-cycle analysis. Explore the intricacies of financial frictions and how they drive and transmit business cycles and global crises. Dive into the world of nominal rigidities and discover their impact on shaping optimal exchange-rate policy. This textbook covers a wide range of topics including fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and even sovereign default and debt sustainability. With exercises and replication codes included in each chapter, you'll have the opportunity to apply your newfound knowledge and enhance your learning experience.
Based on courses taught at multiple prestigious universities, Open Economy Macroeconomics is a valuable resource for students, researchers, and practitioners. Whether you're a graduate student diving into the field, a scholar looking to stay up to date with the latest research, or a policymaker seeking innovative solutions, this textbook will be your go-to reference. Don't miss out on this essential resource - get your hands on Open Economy Macroeconomics and unlock a world of knowledge and opportunities for growth and success.
Ready to take your understanding of open economy macroeconomics to new heights? Get your copy of Open Economy Macroeconomics now and join the ranks of those at the forefront of research and policy proposals. Don't wait - seize this opportunity to expand your knowledge and make a difference in the field. Purchase your copy today and embark on an exciting journey into the world of open economy macroeconomics. Click here to learn more.
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