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"Foundations of International Macroeconomics" offers an integrative modern treatment of core issues in open economy macroeconomics and finance. Designed for first-year graduate students, the text provides clear explanations suitable for courses in macroeconomics as well as international macroeconomics and finance. Each chapter incorporates a diverse array of empirical evidence, aiding both beginners and advanced researchers in understanding the practical applications of economic models. The book covers topics including intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, international capital market integration, growth, inflation and seigniorage, policy credibility, and exchange rate determination. The initial chapters focus on real economy models, while the latter sections incorporate monetary aspects, bridging the gap between real and monetary models.
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Edition: 1st
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Publisher: The MIT Press​
Publishing Year: 1996
ISBN: 9780262150477
Pages: 380