Macroeconomic Policy in Open Economies - Hardcover

by Michelle Fratianni (Author), Dominick Salvatore (Author), Juergen Von Hagen (Author)

Focusing on the international dimension of macroeconomic policy, this handbook covers the main areas of modern macroeconomic policy in open economies. The emphasis is on policy applications rather than the development of economic theory. There are three basic goals: (1) an understanding of how economic theories affect actual policy making, (2) a description of the institutional and conceptual development of the international economy, and (3) an explanation of the way policy-making institutions deal with the so-called international economy.

The handbook consists of an introductory chapter and four parts. The first treats macroeconomic policy-making from the home country versus the rest of the world perspective. The second part stresses policies among interacting and reacting countries. The third part considers the development of world capital markets and the international monetary system as important parts of the policy environment. The final part details macroeconomic policies in the G7 and Latin American countries.

Author Biography

MICHELE U. FRATIANNI is AMOCO Professor of Business Economics and Public Policy at Indiana University. He is the author of 13 books and many articles on macroeconomics, monetary economics, international finance, and public choice.

DOMINICK SALVATORE is Department Chair and Professor of Economics at Fordham University. He is president of the International Trade and Finance Association, vice-president of the New York Academy of Sciences, and consultant to the United Nations in New York and the Economic Policy Institute in Washington. His books include International Economics (1995, 5th ed.), Managerial Economics in a Global Economy (1996, 3rd ed.), Economic Development (Greenwood, 1994), and Monetary Policy in Developed Economies (Greenwood, 1992).

JÜRGEN VON HAGEN is Professor of Business Economics and Public Policy and Professor of Economics at the University of Mannheim, Germany. His research interests have focused on monetary policy and control with empirical applications for West Germany and the U.S.