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An essential introduction to one of the most timely and important
subjects in economics International Macroeconomics presents a
rigorous and theoretically elegant treatment of real-world
international macroeconomic problems, incorporating the latest
economic research while maintaining a microfounded, optimizing, and
dynamic general equilibrium approach. This one-of-a-kind textbook
introduces a basic model and applies it to fundamental questions in
international economics, including the determinants of the current
account in small and large economies, processes of adjustment to
shocks, the determinants of the real exchange rate, the role of
fixed and flexible exchange rates in models with nominal
rigidities, and interactions between monetary and fiscal policy.
The book confronts theoretical predictions using actual data,
highlighting both the power and limits of given theories and
encouraging critical thinking. Provides a rigorous and elegant
treatment of fundamental questions in international macroeconomics
Brings undergraduate and master's instruction in line with modern
economic research Follows a microfounded, optimizing, and dynamic
general equilibrium approach Addresses fundamental questions in
international economics, such as the role of capital controls in
the presence of financial frictions and balance-of-payments crises
Uses real-world data to test the predictions of theoretical models
Features a wealth of exercises at the end of each chapter that
challenge students to hone their theoretical skills and scrutinize
the empirical relevance of models Accompanied by a website with
lecture slides for every chapter
A cutting-edge graduate-level textbook on the macroeconomics of
international trade Combining theoretical models and data in ways
unimaginable just a few years ago, open economy macroeconomics has
experienced enormous growth over the past several decades. This
rigorous and self-contained textbook brings graduate students,
scholars, and policymakers to the research frontier and provides
the tools and context necessary for new research and policy
proposals. Martin Uribe and Stephanie Schmitt-Grohe factor in the
discipline's latest developments, including major theoretical
advances in incorporating financial and nominal frictions into
microfounded dynamic models of the open economy, the availability
of macro- and microdata for emerging and developed countries, and a
revolution in the tools available to simulate and estimate dynamic
stochastic models. The authors begin with a canonical general
equilibrium model of an open economy and then build levels of
complexity through the coverage of important topics such as
international business-cycle analysis, financial frictions as
drivers and transmitters of business cycles and global crises,
sovereign default, pecuniary externalities, involuntary
unemployment, optimal macroprudential policy, and the role of
nominal rigidities in shaping optimal exchange-rate policy. Based
on courses taught at several universities, Open Economy
Macroeconomics is an essential resource for students, researchers,
and practitioners. * Detailed exploration of international
business-cycle analysis* Coverage of financial frictions as drivers
and transmitters of business cycles and global crises* Extensive
investigation of nominal rigidities and their role in shaping
optimal exchange-rate policy* Other topics include fixed
exchange-rate regimes, involuntary unemployment, optimal
macroprudential policy, and sovereign default and debt
sustainability* Chapters include exercises and replication codes
Die Diskussion um innovative Ansatze und Formen der Foerderung
akademischer Literalitat bringt neue Herausforderungen fur das
Schreiben in den Fachern mit sich. Der vorliegende Band reagiert
auf aktuelle Fragestellungen und skizziert die standortspezifisch
gepragten Arbeitsfelder von SchreibdidakterInnen und
SchreibforscherInnen an deutschsprachigen Universitaten und
Hochschulen. Er versammelt konkrete Lehr-Lern-Konzepte, die das
Schreiben in den Fachern in seiner praktischen Anwendung zeigen.
Ausserdem werden Perspektiven der Berufskommunikation aufgegriffen.
Die Beitrage werfen nicht zuletzt die Frage nach dem Stellenwert
der fachspezifischen Begleitung des wissenschaftlichen Schreibens
auf und diskutieren Loesungswege fur einen
mehrsprachig-mehrkulturellen Hochschulalltag.
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