INTERNATIONAL MONETARY ECONOMICS
- ISBN13:9780195094947
- 出版社:OXFORD UNIVERSITY PRESS
- 作者:BENNETT T. MCCALLUM
- 裝訂:平裝
- 出版日:1997/12/31
商品簡介
It focuses clearly and simply on the underlying economics of exchange rate dtermination and balance of payments. In Part I the author presents basic concepts within historical perspectives of the US and Global Economy. Part II intriduces a basic analytical model - usable with fixed and floating exchange rates, in which capital mobility is complete, real exchange rates are variable, and investment spending is endogenous. Variants of the model are used for short and long-run comparative static analysis. In addition, there is a relatively long chapter devoted to dynamic analysis with rational expectations. Part III contains three chapters on policy, including a full chapter on the European Moneatry System.
作者簡介
Bennett T. McCallum, H.J. Heinz Professor of Economics at the Graduate School of Industrial Administration, Carnegie Mellon University
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