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Abstract

This lecture presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of very recent progress. Along the way, it reviews important empirical evidence that has inspired alternative modeling approaches, as well as theoretical and policy considerations behind developments in the field. The most recent advances in model building center on the "new open economy macroeconomics," which synthesizes Keynesian nominal rigidities, intertemporal approaches to open economy dynamics, and the effects of market structure on international trade.

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Bibliographic Info

Paper provided by EconWPA in its series International Finance with number 0303006.

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Length: 55 pages
Date of creation: 25 Mar 2003
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Handle: RePEc:wpa:wuwpif:0303006

Note: 55 pages, Acrobat .pdf
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Web page: http://128.118.178.162

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Find related papers by JEL classification:

• F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
• F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

This paper has been announced in the following NEP Reports:

• NEP-ALL-2003-04-02 (All new papers)
• NEP-MAC-2003-04-02 (Macroeconomics)

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