Overview

The volume is divided into three parts. Part one focuses on the models, men, and institutions involved in the development of the international macroeconomic model. In this section, the contributors examine the two monetary approaches to the balance of payments, as well as the relationship between long-term fluctuations in real exchange rates and inflation. Part two deals with the present state of the models by looking at Robert Mundell's theory of optimum currency areas (OCAs) and its relationship with key currencies. The chapters in this section also consider the impact of exchange rate variability on labor markets, as well as the interactions between theoretical developments and real-world behavior in the open economy macromodel. The third and last part of this volume provides a perspective on the future by looking at alternate models and institutional perspectives. Several contributors examine the relationship between asset prices, the real exchange rate, and unemployment in a small economy via what they call ""a medium-run structuralist perspective"". The future of institutional structures necessary to conduct international economic policy is the subject of the last chapters in part three of the volume.

Full Product Details

Author:   Arie Arnon ,  Warren Young
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   2002 ed.
Dimensions:   Width: 15.50cm , Height: 2.00cm , Length: 23.50cm
Weight:   1.510kg
ISBN:  

9781402071621

ISBN 10:   1402071620
Pages:   342
Publication Date:   30 September 2002
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Chapter1 - Notes on the Development of the International Macroeconomic Model.- I: Past Models, Men and Institutions.- The Two Monetary Approaches to the Balance of Payments: Keynesian and Johnsonian.- Discussant.- 3 - Long-Term Fluctuations of Real Exchange Rates with Emphasis on those Caused by Inflation.- Discussant.- 4 - Why White, not Keynes? Inventing the Post-War International Monetary System.- Discussant.- 5 - Struggling with the Impossible: Sterling, the BAlance of Payments and British Economic Policy, 1949–72.- Discussant.- 6 - The Adam Klug Memorial Lecture: Haberler Versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods?.- Discussant.- II: Present The State of the Models.- Chapter7 - Optimum Currency Areas and Key Currencies.- Discussant.- 8 - Designing EU-US Atlantic Monetary Relations: The Impact of Exchange Rate Variability on Labor Markets on both Sides of the Atlantic.- Discussant.- 9 - The Open Economy Macromodel: Interactions between Theoretical Developments and Real-World Behavior.- Discussant.- III: Future Alternate Models and Institutional Structures.- 10 - Asset Prices, the Real Exchange Rate, and Unemployment in a Small Open Economy: A Medium-Run Structuralist Perspective.- Discussant.- 11 - Do we need a Reform of the International Monetary Institutions After the Asian Crises? Some Preliminary Suggestions Using Constitutional Economics.- Discussant.- 12 - The Architecture and Future of the International Monetary System.- Discussant.

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