International economics : theory and policy
Author(s)
Bibliographic Information
International economics : theory and policy
(Addison-Wesley series in economics)
Addison-Wesley, c2000
5th ed
- : hc
- : pbk
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  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
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  Chiba
  Tokyo
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  Niigata
  Toyama
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  Yamanashi
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  Aichi
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Note
Includes bibliographical references and index (20 p.)
Previous ed.: 4th ed. (c1997), 3rd ed. (c1994), 2nd ed. (c1991).
Description and Table of Contents
- Volume
-
: hc ISBN 9780321033871
Description
International Economics, the best-selling textbook in the field, is written by two of the world's preeminent economists. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory major policy questions, past and current. International Economics presents an integrated treatment of Ricardian, specific factors, factor endowments, and imperfect competition models of trade, along with in-depth analysis of empirical evidence. It covers the effects and causes of trade policy, including strategic trade policy, focusing on the income-distribution effects of trade. The book provides a unified model of open-economy macroeconomics based on an asset-market approach to exchange rate determination with a central role for expectations. The new edition contains updated coverage of the euro and of the causes and likely effects of economic and monetary union (EMU) in Europe. It also features an up-to-date treatment of developing countries' experiences in an all-new Chapter 22. The chapter focuses on long-run income convergence, disinflation and exchange rate regimes, recent crises in Latin America, Russia, and Asia, and reform of the international financial "architecture."
Table of Contents
(Each chapter concludes with a summary.)
Preface.
1. Introduction.
I. INTERNATIONAL TRADE THEORY.
2. Labor Productivity and Comparative Advantage: The Ricardian Model.
3. Specific Factors and Income Distribution.
4. Resources and Trade: The Heckscher-Ohlin Model.
5. The Standard Trade Model.
6. Economies of Scale, Imperfect Competition, and International Trade.
7. International Factor Movements.
II. INTERNATIONAL TRADE POLICY.
8. The Instruments of Trade Policy.
9. The Political Economy of Trade Policy.
10. Trade Policy in Developing Countries.
11. Strategic Trade Policies in Advanced Countries.
III. EXCHANGE RATES AND OPEN-ECONOMY MACROECONOMICS.
12. National Income Accounting and the Balance of Payments.
13. Exchange Rates and the Foreign Exchange Market: An Asset.
14. Money, Interest Rates, and Exchange Rates.
15. Price Levels and the Exchange Rate in the Long Run.
16. Output and the Exchange Rate in the Short Run.
17. Fixed Exchange Rates and Foreign Exchange Intervention.
IV. INTERNATIONAL MACROECONOMIC POLICY.
18. The International Monetary System, 1870-1973.
19. Macroeconomic Policy and Coordination Under Floating Exchange Rates.
20. Optimum Currency Areas and The European Experience.
21. The Global Capital Market: Performance and Policy Problems.
22. Developing Countries: Growth, Crisis, and Reform.
- Volume
-
: pbk ISBN 9780321077271
Description
Krugman and Obstfeld provide a unified model of open-economy macroeconomics based upon an asset-market approach to exchange rate determination with a central role for expectations.
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