International Macroeconomics

Chapter 1. An Overview of the Book.
 
Chapter 2. Open-Economy Macroeconomic Accounting.
 
Chapter 3. Macroeconomic Influences on the Foreign Exchange Market.
 
Appendix 3.1 Properties of Logarithms.
 
Chapter 4. The Macroeconomic Framework.
 
Appendix 4.1 The Marshall-Lerner Condition.
 
Appendix 4.2 The Framework in Log-Linear Form.
 
Chapter 5. The Classical Gold Standard.
 
Chapter 6. Gold Standard Macroeconomics.
 
Appendix 6.1 The Gold Standard with Zero Capital Mobility.
 
Chapter 7. The Bretton Woods System.
 
Chapter 8. Macroeconomics under Soft Pegs and Imperfect Capital Mobility.
 
Appendix 8.1 Alternative Monetary Policy Regimes.
 
Chapter 9. Fixed Exchange Rates in a Financially Integrated World: Currency Crises and "Hard" Pegs.
 
Appendix 9.1 The Monetary Approach to the Balance of Payments (MABP).
 
Chapter 10. Floating Exchange Rates I: Transitory Shocks.
 
Appendix 10.1 The Asset Market Approach to the Exchange Rate.
 
Appendix 10.2 Algebraic Solution of the Log-linear Model.
 
Appendix 10.3 Interest Rate Targeting under Floating Exchange Rates.
 
Chapter 11. Floating Exchange Rates II: Intermediate and Permanent Shocks.
 
Chapter 12. Floating Exchange Rates III: Exchange Rate Dynamics.
 
Appendix 12.1 Proof that (St+1 / St) (Sbar / St) = lambda.
 
Chapter 13. Long-Run Equilibrium under Floating Exchange Rates.
 
Appendix 13.1 The Long Run Floating Rate Model in Log-Linear Form.
 
Appendix 13.2 Fixed Exchange Rates in the Long Run.
 
Chapter 14. Floating Exchange Rates with Short-Run Price Flexibility*.
 
Chapter 15. Choosing an Exchange Rate Regime.
 
Chapter 16.The International Financial Architecture.
 
Chapter 17. G-8 Policy Coordination.
 
Chapter 18. Monetary Unification.
 
Chapter 19. Intertemporal Issues in International Macroeconomics.

Peter J. Montiel is the Farleigh S. Dickinson '41 Professor of Economics at Williams College, and received his PhD from the Massachusetts Institute of Technology. He has served as a Senior Policy Advisor at the International Monetary Fund as well as Chief of the Macroeconomics and Growth Division of the Policy Research Department of the World Bank, and has provided expert counsel to a variety of regional development banks and central banks. He is the author of several books, including Development Macroeconomics, 3rd edition (with Richard Agenor, 2008) and Macroeconomics in Emerging Markets (2nd edition forthcoming), and numerous articles on international macroeconomics.

"Montiel's book is indispensable for anyone wishing to deepen their understanding of International Macroeconomics. It presents a much more realistic picture than what is provided by other textbooks." Rodolphe Desbordes, University of Strathclyde"This text's main strength is its unified approach, as it starts with a general model, and then considers special cases pertaining to particular countries, institutions, and historical time periods." Kenneth Kasa, Simon Fraser University"Montiel's friendly style, clarity of exposition, and rigorous treatment of the international topics make this a strong textbook." David Shepherd, University of Westminster"This text's exposition is very methodical, applying the method of comparative statics systematically for evaluating important contemporaneous policy issues as well as historical episodes." Watanabe Shinichi, International University of Japan

"Montiel's book is indispensable for anyone wishing to deepen their understanding of International Macroeconomics. It presents a much more realistic picture than what is provided by other textbooks."
-Rodolphe Desbordes, University of Strathclyde
 
"This text's main strength is its unified approach, as it starts with a general model, and then considers special cases pertaining to particular countries, institutions, and historical time periods."
-Kenneth Kasa, Simon Fraser University
 
"Montiel's friendly style, clarity of exposition, and rigorous treatment of the international topics make this a strong textbook."
-David Shepherd, University of Westminster
 
"This text's exposition is very methodical, applying the method of comparative statics systematically for evaluating important contemporaneous policy issues as well as historical episodes."
-Watanabe Shinichi, International University of Japan