TY  - BOOK
AU  - Obstfeld,Maurice
AU  - Rogoff,Kenneth
TI  - Foundations of international macroeconomics
SN  - 0262150476
U1  - 339.5 
PY  - 1996///
CY  - Cambridge, Mass.
PB  - The MIT Press
KW  - MACROECONOMIA
KW  - COMERCIO
KW  - RELACION DE INTERCAMBIO
KW  - CUENTAS CORRIENTES
KW  - ECONOMIA ABIERTA
KW  - INCERTIDUMBRE
KW  - DEFICIT PRESUPUESTARIO
KW  - POLITICA PRESUPUESTARIA
KW  - TIPO DE CAMBIO
KW  - MERCADO FINANCIERO INTERNACIONAL
KW  - CRECIMIENTO ECONOMICO
KW  - DINERO
KW  - PRECIOS FLEXIBLES
KW  - PRECIOS NOMINALES
KW  - MODELOS ECONOMICOS
KW  - ESTUDIOS DE CASOS
KW  - EJERCICIOS
KW  - CAMBIO EXTERIOR
KW  - APLICACIONES
KW  - CASOS PRACTICOS
KW  - TERMINOS DE INTERCAMBIO
KW  - PROGRESO ECONOMICO
KW  - ECONOMIA POLITICA
KW  - ANALISIS MACROECONOMICO
KW  - TEORIA MACROECONOMICA
N1  - Bibliografía: p. 755-779; 1. Intertemporal trade and the current account balance -- 2. Dynamics of small open economies -- 3. The life cycle, tax policy, and the current account -- 4. The real exchange rate and the terms of trade -- 5. Uncertainty and international financial markets -- 6. Imperfections in international capital markets -- 7. Global linkages and economic growth -- 8. Money and exchange rates under flexible prices -- 9. Nominal price rigidities: empirical facts and basic open-economy models -- 10. Sticky-price models of output, the exchange rate, and the current account. Supplements to chapter 2
N2  - Foundations of International Macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. With its clear and accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field.

Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, the implications of (and problems inherent in) international capital market integration, growth, inflation and seignorage, policy credibility, real and nominal exchange rate determination, and many interesting special topics such as speculative attacks, target exchange rate zones, and parallels between immigration and capital mobility. Most main results are derived both for the small country and world economy cases. The first seven chapters cover models of the real economy, while the final three chapters incorporate the economy's monetary side, including an innovative approach to bridging the usual chasm between real and monetary models
ER  -