International Macroeconomics

This work presents an up-to-date review of recent developments in theoretical modelling in open economy macroeconomics, as well as international monetary economics.
This text covers international macroeconomics. It aims to describe the evolution of and experience with global exchange rate regimes. This includes a detailed description and evaluation of the gold standard regimes, the IMF system, the float and the EMS. A second objective is to analyze open economy models, including the Mundell-Fleming model, the well-known Dornbusch and Branson models, models with flexible wages and prices, portfolio balance models, two- and three- country models, and models with traded and non-traded goods. There are also chapters on the New Classical contributions and an extensive review of exchange rate models.