Titlebook: International Macroeconomics; Theory, Policy, and Graham Bird Book 1998Latest edition Palgrave Macmillan, a division of Macmillan Publishe

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Explaining Global Macroeconomic Eventspe. As things move along, other aspects of global macroeconomic performance will also be highlighted to throw into sharper relief some of the issues that have been raised in earlier sections of this book.

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Book 1998Latest editione basic understanding of macroeconomics, it does not require any significant mathematical capability. The first part examines the macro theory of the open economy: the second part examines macroeconomic stabilisation policy in the context of an open economy, and the world economy: and the third part

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Introductionsis is appropriate for a number of reasons. First, all economies are, at least to some extent, open; they have trading and financial links with other economies. Second, what holds for a closed economy may not hold for an open one. Dropping the closed economy assumption from simple macroeconomic mode

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Stabilisation Policy in an Open Economyay of approaching this question is, first, to describe the targets that the policy-making authorities are setting out to achieve, second, to describe the policy instruments through which attempts are made to realise these targets, and third, to analyse how the instruments may be combined in the most

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Explaining Global Macroeconomic Events. In this chapter we briefly examine a series of global economic events that have occurred since the 1970s to see what international macroeconomic theory has to say about them. In order, these are the oil crisis of the 1970s, the developing country debt crisis of the 1980s and related issues associa