Uses simple models and empirical methods to analyze key macroeconomic policy challenges confronting the world economy. Examines balance of payments, the determinants of exchange rates, fiscal policy, monetary policy, exchange rate policy, balance of payment crises, international macroeconomic dependence, financial globalization and the challenges facing developing economies. Considerable attention to recent policy debates surrounding the financial crisis, global imbalances, China's exchange rate policy, Sovereign Wealth Funds, the Euro and Europe's crisis, and Japan's lost decade. While...
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