{"product_id":"international-macroeconomics-a-modern-approach-9780691170640","title":"International Macroeconomics: A Modern Approach","description":"\u003cp\u003e\u003cb\u003eAn essential introduction to one of the most timely and important subjects in economics\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003ci\u003eInternational Macroeconomics\u003c\/i\u003e presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking.\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eProvides a rigorous and elegant treatment of fundamental questions in international macroeconomics\u003c\/li\u003e\n\u003cli\u003eBrings undergraduate and master's instruction in line with modern economic research\u003c\/li\u003e\n\u003cli\u003eFollows a microfounded, optimizing, and dynamic general equilibrium approach\u003c\/li\u003e\n\u003cli\u003eAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crises\u003c\/li\u003e\n\u003cli\u003eUses real-world data to test the predictions of theoretical models\u003c\/li\u003e\n\u003cli\u003eFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of models\u003c\/li\u003e\n\u003cli\u003eAccompanied by a website with lecture slides for every chapter\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eStephanie Schmitt-Grohé\u003c\/b\u003e is professor of economics at Columbia University. \u003cb\u003eMartín Uribe\u003c\/b\u003e is professor of economics at Columbia and the coauthor (with Stephanie Schmitt-Grohé) of \u003ci\u003eOpen Economy Macroeconomics\u003c\/i\u003e (Princeton). \u003cb\u003eMichael Woodford\u003c\/b\u003e is the John Bates Clark Professor of Political Economy at Columbia and the author of \u003ci\u003eInterest and Prices: Foundations of a Theory of Monetary Policy\u003c\/i\u003e (Princeton).\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50508085854482,"sku":"9780691170640","price":104.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_e9e7e1a3-c0fc-45b3-9d7b-c43c9c8df73c.jpg?v=1730872862","url":"https:\/\/surprise-castle.myshopify.com\/products\/international-macroeconomics-a-modern-approach-9780691170640","provider":"Surprise Castle","version":"1.0","type":"link"}