PART 1 INTRODUCTION TO INTERNATIONAL MACROECONOMICS.- 1. The Global Macroeconomy.- PART 2 EXCHANGE RATES.- 2. Introduction to Exchange Rates and the Foreign Exchange Market.- 3. Exchange Rates I: The Monetary Approach in the Long Run.- 4. Exchange Rates II: The Asset Approach in the Short Run.- PART 3 THE BALANCE OF PAYMENTS.- 5. National and International Accounts: Income, Wealth, and the Balance of Payments.- 6. Balance of Payments I: The Gains from Financial Globalization.- 7. Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run.- PART 4 APPLICATIONS AND POLICY ISSUES.- 8. Fixed Versus Floating: International Monetary Experience.- 9. Exchange Rate Crises: How Pegs Work and How They Break.- 10. The Euro: Economics and Politics.- 11. (online only) Topics in International Macroeconomics.
Robert C. Feenstra Robert C. Feenstra is Professor of Economics at
the University of California, Davis. He received his B.A. in 1977
from the University of British Columbia, Canada, and his Ph.D. in
economics from MIT in 1981. Feenstra has been teaching
international trade at the undergraduate and graduate levels at UC
Davis since 1986, where he holds the C. Bryan Cameron Distinguished
Chair in International Economics. Feenstra is a research associate
of the National Bureau of Economic Research, where he directs the
International Trade and Investment research program. He received
the Bernhard Harms Prize from the Institute for World Economics,
Kiel, Germany, in 2006, and delivered the Ohlin Lectures at the
Stockholm School of Economics in 2008.
Alan M. Taylor Alan M. Taylor is Professor of Economics at the
University of California, Davis. He received his B.A. in 1987 from
King’s College, Cambridge, U.K and earned his Ph.D. in economics
from Harvard University in 1992. Taylor has been teaching
international macroeconomics, growth, and economic history at UC
Davis since 1999, where he directs the Center for the Evolution of
the Global Economy. He is also a research associate of the National
Bureau of Economic Research. Taylor was awarded a Guggenheim
Fellowship in 2004 and was a visiting professor at the American
University in Paris and London Business School in 2005–06.
'The Feenstra/Taylor text is consistently one of the most well
written texts in international economics. They present material in
a way that is consistent across chapters in the text and with other
classes students take in economics.'
– Mark Scanlan, Stephen F. Austin State University
'Currently, the best textbook in International Macroeconomic[s] for
undergraduates...'
– Carlos Pulido, Arizona State University - Tempe
'One of the reasons why I choose to use this textbook is because of
the quality of the problems at the end of each chapter and the
numerous (rich) choices they give me in assigning a problem to my
students.'
– Bedassa Tadesse, University of Minnesota - Duluth
'The explanations of difficult concepts are the best in this book.
The graphs are clear and well supported with discussion for
students to understand how they work.'
– Anthony Delmond, The University of Tennessee - Martin
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