International Macroeconomics

Preface and Acknowledgements - Introduction - PART I:THEORY- An Open-Economy Macroeconomic Model - Trade Functions and Capital Movements - Balance of Payments Theory - Theories of Exchange-Rate Determination - PART II: POLICY - Stabilisation Policy in an Open Economy - Exchange-Rate Management and Policy - Global Macroeconomic Management - PART III: APPLICATIONS - United States Domestic Macroeconomic Policies, Dollar Overvaluation, and Their Effects on the US Economy and the Rest of the World - The International Monetary Fund and Stabilisation Policy in Small Open Economies - The European Monetary System and the United Kingdom - The Global Macroeconomic Effects of Changing Oil Prices - Notes and References - Further Reading - Index