Historically, the study of international trade and finance has
focused on the movements of goods and capital between nations. But
as countries are becoming more integrated, the macroeconomic role
of national borders is diminished. The approach that researchers
have recently adopted to further our understanding of how economic
interactions between nations will evolve as national borders
decline in importance is to analyze economic interactions within a
country (i.e., 'intranational macroeconomics'). This book brings
the intranational macroeconomics literature into clearer focus by
collecting the strands of research into a common thread. Each
chapter attempts to answer the following two questions: first, what
contributions do national borders make to our understanding of
macroeconomics? Second, how will these contributions change as the
world becomes more integrated?
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