INTERNATIONAL MACROECONOMICS THEORY AND POLICY -- Copyright -- Contents -- List of figures -- List of tables -- Acknowledgements -- General introduction -- Part I Global exchange rate regimes -- 1 The gold standard regime -- 2 The International Monetary Fund system -- 3 The float -- 4 The European Monetary System -- 5 The increased financial interdependence in the world economy -- Part II Open economy models - comparative statics analysis -- 6 The Mundell-Fleming model -- 7 The Mundell-Fleming model - its strengths and limitations -- 8 The Mundell-Fleming model with wage and price adjustment -- 9 Disequilibrium models of product and labour markets -- 10 The portfolio balance model of the monetary sector -- 11 The Mundell-Fleming model with wealth -- 12 The classical elasticities approach to a devaluation -- 13 A two-country Mundell-Fleming type model -- 14 The two-country model with flexible wages and prices -- 15 Econometric evidence - the large-country case -- 16 A three-country model and the European Monetary System -- 17 A two-sector model of a small economy with flexible exchange rates -- Part III Open economy models - dynamic analysis -- 18 Dynamic effects of a monetary expansion under flexible rates - the Dornbusch 1976 model -- 19 Branson's portfolio balance model - monetary expansion under flexible rates -- 20 The dynamic adjustment to a fiscal deficit - a simple framework -- 21 An extended Mundell-Fleming model with J curves -- 22 Effects of a restrictive money growth policy on the path of inflation and unemployment -- Part IV New Classical themes -- 23 Macro policy impotence and the New Classical paradigm -- 24 The effects of anticipated monetary and fiscal policies in a small economy with flexible exchange rates -- 25 The equilibrium rate of inflation with discretion and some reputation -- 26 The Ricardian equivalence hypothesis.

Part V A general framework -- 27 Modelling goods and money markets -- 28 Modelling production and labour markets -- 29 Imposing medium- to long-run constraints on the model -- 30 The effects in the short and the long run of a monetary and fiscal expansion under flexible rates in a more general framework -- Part VI Models of exchange rates -- 31 Modelling exchange rates (1) -- 32 Modelling exchange rates (2) -- 33 Foreign exchange market efficiency and financial integration - concepts and evidence -- Part VII Policy design -- 34 Macro policy targets -- 35 The regulatory-institutional environment, the policy regime and macro performance -- 36 Choosing the exchange rate regime -- 37 Rules versus discretion -- 38 Assignment rules for internal and external balance -- 39 Theoretical evaluation of alternative simple policy regimes -- 40 Econometric evaluation of policy regimes -- 41 Issues raised by nominal income targeting -- 42 Global macro performance - 1972-91 -- 43 The rise and fall of monetarism -- 44 Unemployment performance and policy -- 45 Macro policy coordination -- Part VIII Case studies of macro policy -- 46 A decade of Thatcherism: 1979-89 - Thatcherism and Reaganomics compared -- 47 Japan's macroeconomic performance (1960-90) -- 48 Macroeconomic policy and the regulatory environment: the Australian and New Zealand experience 1973-91 -- Notes -- References -- Index.