Всего публикаций в данном разделе: 3
Pentecost E.J. Macroeconomics: An open economy approach / E.J. Pentecost. Basingstoke: Palgrave Macmillan, 2000. 429 p. [книга]
Опубликовано на портале: 28-10-2003
This new macroeconomics book deals entirely with open economy macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. This book provides a new framework for understanding contemporary macroeconomics theory, policy and applications.
Sanchez-Fung J. R. Money demand, PPP and macroeconomic dynamics in a small developing economy [Текст] / J. R. Sanchez-Fung. Canterbury ; Kent : Department of Economics University of Kent, 2000. 26 p. (Discussion paper ; 00/15). [книга]
Опубликовано на портале: 30-07-2004
This paper aims at improving our understanding of macro-monetary phenomena in developing countries. Specifically, it analyses a six-variable model of the Dominican Republic by implementing the cointegrating VAR framework, using annual data for the period 1950-1999. The inquiry is able to identify money demand and PPP cointegrating relationships that are economically and statistically sensible, displaying half-life persistence profiles of approximately one and three years, respectively. Additionally, generalised impulse response functions observed after shocking the money demand relation suggest that there is scope for activist monetary policy, while those derived from perturbations to PPP show that real exchange rate depreciations generate both contractionary and inflationary developments.
Опубликовано на портале: 29-01-2003Robert Solomon
Princeton: Princeton University Press, 1999
The international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance. Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how today's international monetary system works.