An Open Economy Macroeconomics Reader: A Reader
Author: Mehmet Ugur
List Price: $41.95
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ISBN: 0415253322
Publisher: Routledge (28 December, 2001)
Sales Rank: 1,561,119
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
Essential Reading for Open Economy Macroeconomics
Dr Ugur's edited book on open economy macroeconomics is a long-waited and impressive textbook in many ways. It is not only a well-organized and enticing textbook for intermediate and advanced macroeconomics, but also a good example of combining knowledge with teaching experience. The book is also good in introducing the students to seminal contributions as well as current debate in open economy (international) macroeconomics. What makes the book different from the other textbooks is that it "... aims to go beyond the closed-economy framework of the open economy macroeconomics textbooks and incorporate theory into policy design and implementation rather than other way around." And it does very succesfully.The book contains fifteen chapters organized araound nine themed parts containing almost all issues in current open economy (international) macroeconomics -except for stabilization policy issues specific to developing countries. Each of the nine themed sections contains an introduction (which lays the theoretical and historical background relevant to the issues covered), questions for discussion, suggestions for further reading, and a very extensive list of references. These editorial features enhance the book's role as a textbook and makes it an essential source for open economy macroeconomics reading.
Dr Ugur's own chapters on the Mundell-Flemming model and the theory of macroeconomic policy-making are innovative and constitute significant contributions to the debate on these issues.
In conclusion, I strongly recommend this exceptional open economy macroeconomics reader as an essential source of teaching and reading, and also as a useful guide to policy-making isuues in open economies.
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