Handbook of International Economics: International Monetary Economics and FinanceR.W. Jones, P.B. Kenen, Gene M. Grossman, Kenneth S. Rogoff This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes |
Contents
Chapter 14 Asset Markets Exchange Rates and the Balance of Payments | 679 |
Chapter 15 The Specification and Influence of Asset Markets | 749 |
Chapter 16 The Specification of Goods and Factor Markets in Open Economy Macroeconomic Models | 807 |
Chapter 17 Stabilization Policies in Open Economies | 859 |
Chapter 18 ExchangeRate Dynamics | 917 |
Price Behavior Rate Determination and Market Efficiency | 979 |
Chapter 20 Income and Price Effects in Foreign Trade | 1041 |
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Common terms and phrases
adjustment aggregate analysis approach asset assumed assumption balance of payments bank behavior bonds capital central changes Chapter condition constant consumption costs countries currency current account curve demand depends depreciation determination devaluation developed discussion disturbances domestic domestic price dynamics Economic effects elasticities empirical equal equation equilibrium estimates example expectations expenditure export fall Figure Finance fixed flexible exchange rates flows follows foreign exchange Frenkel function future given hold impact implies imports income increase interest interest rate issues Journal leads less long-run equilibrium macroeconomic measured monetary policy money supply movements nominal non-traded optimal output period portfolio positive present problem production raises reduce relative relative price requires reserves respect response Review rise risk role rule securities shift shows specification stability studies substitution Table tests theory trade trade balance United University variables wage wealth