Technically speaking, open economies are any that engage in international trade. However, the smaller the economy, the more 'open' it can be presumed to be because fluctuations in international trade have a far greater impact on a country's trading conditions and it is unlikely to produce the full range of its own goods and services. The US, therefore, can be considered to be a relatively closed economy as its imports and exports amount to only a fraction of its gross domestic product. Smaller countries, on the other hand, rely much more heavily on their neighbours. Open Economy Macroeconomics: A Reader draws together the seminal contributions to the literature on macroeconomics in open economies and illuminates the material by way of a range of key features: Discussion questions Suggestions for further reading Reference to the key journal articles in the field Boxed key terms Students are thus provided with an essential guide to the subject as commented upon by the most influential commentators. Amongst those whose work appears are Robert Mundell, Charles Goodhart, Paul de Grauwe and James Meade.
Product Identifiers
Publisher
Taylor & Francis Ltd
ISBN-13
9780415253314
eBay Product ID (ePID)
24032377526
Product Key Features
Author
Mehmet Ugur
Publication Name
An Open Economy Macroeconomics Reader
Format
Hardcover
Language
English
Subject
Economics
Publication Year
2001
Type
Textbook
Number of Pages
568 Pages
Dimensions
Item Height
234mm
Item Width
156mm
Item Weight
953g
Additional Product Features
Editor
Mehmet Ugur
Country/Region of Manufacture
United Kingdom
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