The book is different from and superior to many macroeconomics textbooks
not only because of its unique approach to open economy macroeconomic policy
issues, but also because of the extensive introductions, questions exercises and suggested
reading it provides in each part . An Open Economy Macroeconomics Reader is an essential
reference for all interested in open economy macroeconomic policy including
policy makers, practitioners, students and lecturers. Without doubt, the book will also be
an rewarding source of reading for both undergraduate and postgraduate students of
economics. Osman Aydgus, The Agean University, Turkey
Little that a student of intermediate macroeconomics needs to know is missing from these
pages. Nigel Grimwade, The Times Higher, June 2002
This book draws together seminal contributions on the nature of macroeconomics in open
economies and illuminates the material by using:
explanatory introductions to each piece
discussion questions
suggestions for further reading
reference to the key journal articles
boxed key terms.
This is an essential guide to the subject for students, as commented upon by the most
influential commentators.
Table of Contents:
Introduction
Part 1: Stablisation Policy in the Mundell-Flemming Model
Part 2: Expenditure-Switching Policy: Devaluation and balance of payments adjustment
Part 3: Achieving the Internal and External Balance Simultaneously: Targets and
instruments
Part 4: Interdependence and Macroeconomic Policy Co-ordination
Part 5: The International Monetary System and Monetary Policy: Design and institutions
Part 6: Exchange Rate Determination and Policy
Part 7: Monetary Unions and the EMU
Part 8: Tax Policy in Open Economies: Competition vs. co-ordination
Part 9: Labour Market Policy and Institutions: A comparative assessment
Author Biography:
Mehmet Ugur is Jean Monnet Senior Lecturer in the Political Economy of European
Integration at the University of Greenwich. He is the author of numerous journal articles
and two previous books including The European Union and Turkey (1999) which is just being
translated into Turkish.
Paperback
544 pages
