Overview

International macroeconomics has been an area of research activity during the last two decades and Turnovsky has made a central contribution to the area in both theory and policy. This volume, which presents a selection of his most significant work, is intended to develop analytical approaches and modelling strategies applicable to a variety of issues in international macroeconomics. The first part of the book reviews the development of analytical models, beginning with the Mundell-Fleming and Dornbusch sticky-price models. Turnovsky goes on to consider more recent stochastic rational expections models and those directed at deriving macroeconomic equilibrium relationships from optimizing behaviour. The second part of the book deals with policy, specifically exchange market intervention, strategic policy making and policy coordination.

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9780631173359

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Stephen J Turnovsky is a graduate of Harvard University and currently Professor of Economics at the University of Washington. He was previously a member of the faculties of the University of Pennsylvania, University of Toronto, Australian National University, and the University of Illinois at Urbana-Champaign. He is the author of Macroeconomic Analysis and Stabilization Policy and has written extensively ona wide variety of topics in macroeconomic theory and policy. From 1981 to 1987 he was Editor of the Journal of Economic Dynamics and Control. Professor Turnovsky has served on the editorial boards of the International Economic Review, and Journal of Money, Credit and Banking, and the Journal of Public Economics.

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