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Textbook
International Macroeconomics and Finance: Theory and Econometric MethodsISBN: 978-0-631-22288-0
Paperback
296 pages
August 2001, ©2001, Wiley-Blackwell
 This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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1. Some Institutional Background:.
International Financial Markets.
National Accounting Relations.
The Central Bank's Balance Sheet.
2. Some Useful Time-Series Methods:.
Unrestricted Vector Autoregressions.
The Generalized Method of Moments.
The Simulated Method of Moments.
Unit Roots.
Panel Unit-Root Tests.
Cointegration.
Filtering.
3. The Monetary Model:.
Purchasing-Power Parity.
The Monetary Model of the Balance of Payments.
The Monetary Model under Flexible Exchange Rates.
Fundamentals and Exchange Rate Volatility.
Testing Monetary Model Predictions.
Problems.
4. The Lucas Model:.
The Barter Economy.
The One-Money Monetary Economy.
The Two-Money Monetary Economy.
An Introduction to the Calibration Method.
Calibrating the Lucas Model.
Appendix: Markov Chains.
Problems.
5. International Real Business Cycles:.
Calibrating the One-Sector Growth Model.
Calibrating a Two-Country Model.
6. Foreign Exchange Market Efficiency:.
Deviations from UIP.
Rational Risk Premia.
Testing Euler Equations.
Apparent Violations of Rationality.
The "Peso Problem".
Noise Traders.
Problems.
7. The Real Exchange Rate:.
Some Preliminary Issues.
Deviations from the "Law-of-One-Price".
Long-Run Determinants of the Real Exchange Rate.
Long-Run Analyses of Real Exchange Rates.
Problem.
8. The Mundell–Fleming Model:.
A Static Mundell–Fleming Model.
Dornbusch's Dynamic Mundell–Fleming Model.
A Stochastic Mundell–Fleming Model.
VAR Analysis of Mundell–Fleming.
Appendix: Solving the Dornbusch Model.
Problems.
9. The New International Macroeconomics:.
The Redux Model.
Pricing to market.
Problems.
10. Target-Zone Models:.
Fundamentals of Stochastic Calculus.
The Continuous-Time Monetary Model.
Infinitesimal Marginal Intervention.
Discrete Intervention.
Eventual Collapse.
Imperfect Target-Zone Credibility.
11. Balance-of-Payments Crises:.
A First-Generation Model.
A Second-Generation Model.
Bibliography.
Author Index.
Subject Index.
Related Titles
Money & Banking
Resources for
Instructors
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