International Macroeconomics

Developed in the classroom by two of the most prominent researchers in the field, Feenstra and Taylor’s International Economics is a modern textbook for a modern audience, connecting theory to empirical evidence and expanding beyond the traditional focus on advanced companies to cover emerging markets and developing economies. International Macroeconomics is a split volume from the text, covering:
• The gains from financial globalization (Chapter 6)
• Fixed versus floating regimes (Chapter 8)
• Exchange-rate crises (Chapter 9
• The Euro (Chapter 10)
As well as core topics:
• Foreign exchange markets and exchange rates in the short run and the long run (Chapters 2–4)
• The national and international accounts (Chapter 5)
• The open economy IS-LM model (Chapter 7)
• Applied topics of current interest (Chapter 11)

The new edition has been thoroughly updated, including the latest on the Eurozone crisis. In addition, it will be available in it’s own dedicated version of LaunchPad, Worth Publishers’ breakthrough new online course space.

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Robert C. Feenstra is Professor of Economics at the University of California, Davis. He received his B.A. in 1977 from the University of British Columbia, Canada, and his Ph.D. in economics from MIT in 1981. Feenstra has been teaching international trade at the undergraduate and graduate levels at UC Davis since 1986, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. Feenstra is a research associate of the National Bureau of Economic Research, where he directs the International Trade and Investment research program. He is the author of Offshoring in the Global Economy and Product Variety and the Gains from Trade (MIT Press, 2010). Feenstra received the Bernhard Harms Prize from the Institute for World Economics, Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the Stockholm School of Economics in 2008. He lives in Davis, California, with his wife Gail, and has two grown children: Heather, who is a genetic counselor; and Evan, who recently graduated from Pitzer College.

1. The Global Macroeconomy
2. Introduction to Exchange Rates and the Foreign Exchange Market
3. Exchange Rates I: The Monetary Approach in the Long Run
4. Exchange Rates II: The Asset Approach in the Short Run
5. National and International Accounts: Income, Wealth, and the Balance of Payments
6. Balance of Payments I: The Gains from Financial Globalization
7. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
8. Fixed Versus Floating: International Monetary Experience
9. Exchange Rate Crises: How Pegs Work and How They Break
10. The Euro
11. Topics in International Macroeconomics

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International Macroeconomics

Summary

Author Biography

Table of Contents

Supplemental Materials