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International Macroeconomics and Finance: Theory and Econometric Methods

ISBN: 978-0-631-22288-0
296 pages
August 2001, ©2001, Wiley-Blackwell
International Macroeconomics and Finance: Theory and Econometric Methods (063122288X) cover image
This short, concrete, and to-the-point book guides students through this vast field of conflicting opinions. The book begins from the premise that students benefit most from seeing a balanced treatment of all available views. For instance, this book provides coverage of both ad hoc and optimizing models. It also explores divisions such as flexible price versus sticky price models, rationality versus irrationality, and calibration versus statistical inference. By giving consideration to each of these 'mini debates;, this book shows how each approach has its good and bad points.
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1. Some Institutional Background.

2. Some Useful Time-Series Methods.

3. The Monetary Model.

4. The Lucas Model.

5. International Real Business Cycles.

6. Foreign Exchange Market Efficiency.

7. The Real Exchange Rate.

8. The Mundell-Fleming Model.

9. The New International Macroeconomics.

10. Target-Zone Models.

11. Balance-of-Payments Crises.


Author Index.

Subject Index.
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Nelson C. Mark is Professor of Economics at Ohio State University. He has been widely published in journals such as the Economic Journal, Journal of Applied Econometrics, Journal of International Economics, American Economic Review, Journal of Finance, International Economic Review, Journal of Financial Economics, and Journal of Monetary Economics. He is presently editor of Journal of Money, Credit and Banking.

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  • covers both ad hoc and optimizing models
  • integrates theoretical and empirical issues
  • presents results step by step
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"The author should be congratulated on producing a first-class graduate text. The book has a breathtaking scope, spanning traditional monetary approaches to general equilibrium models under both perfect and imperfect competition in a clear, rigorous and lucid style. It will be of enormous value to postgraduate students in international macroeconomics." Andrew Snell, University of Edinburgh
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