Open AccessBook
Macroeconomics in the Global Economy
Reads0
Chats0
TLDR
In this paper, basic concepts in macroeconomics output determination - introducing aggregate supply and aggregate demand - are introduced, and the theory and practice of economic policy financial markets tradeable and non-tradeable goods the developing country debt crisis stopping high inflations.Abstract:
Part 1 Introduction: basic concepts in macroeconomics output determination - introducing aggregate supply and aggregate demand. Part 2 Intertemporal economics: consumption and saving investment saving, investment and the current account the government sector. Part 3 Monetary economics: money demand the money supply process money, exchange rates and prices inflation - fiscal and monetary aspects. Part 4 Output determination, stabilization policy and growth: macroeconomic policies and output determination in the closed economy macroeconomic policies in the open economy - the case of fixed exchange rates, the case of flexible exchange rates inflation and unemployment institutional determinants of wages and unemployment explaining business cycles long-term growth. Part 5 Special topics in macroeconomics: the theory and practice of economic policy financial markets tradeable and non-tradeable goods the developing country debt crisis stopping high inflations.read more
Citations
More filters
Journal ArticleDOI
Inflows of capital to developing countries in the 1990s
TL;DR: The recent surge in capital inflows was initially attributed to domestic developments, such as sound policies and stronger economic performance of a handful of countries, but it became clear that the phenomenon was widespread, affecting countries with very diverse characteristics as discussed by the authors.
Posted Content
Inflows of capital to developing countries in the 1990s
TL;DR: The recent surge in capital inflows was initially attributed to domestic developments, such as sound policies and stronger economic performance of a handful of countries as discussed by the authors, but it became clear that the phenomenon was widespread, affecting countries with very diverse characteristics.
Posted Content
Looting: The Economic Underworld of Bankruptcy for Profit
TL;DR: In this article, the authors use simple theory and direct evidence to highlight a common thread that runs through these four episodes and suggest that this common thread may be relevant to other cases in which countries took on excessive foreign debt, governments had to bail out insolvent financial institutions, real estate prices increased dramatically and then fell, or new financial markets experienced a boom and bust.
Journal ArticleDOI
Sovereignty Regimes: Territoriality and State Authority in Contemporary World Politics
TL;DR: The concept of effective sovereignty as discussed by the authors was proposed to argue that states participate in sovereignty regimes that exhibit distinctive combinations of central state authority and political territoriality, and that states are not inherently territorial nor are they exclusively organized on a state-bystate basis.
Journal ArticleDOI
How Constraining is Capital Mobility? The Partisan Hypothesis in an Open Economy
TL;DR: This paper conducted a pooled timeseries analysis of budget balances, real interest rates, and capital controls for fourteen OECD countries between 1970 and 1994 and found that, under fixed exchange rates, leftist governments run larger deficits than rightist governments and use capital controls to reduce interest rate premia.