International Macroeconomics

International Macroeconomics provides students with an analytically rigorous introduction to the impact of globalization on macroeconomics.

• Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies
• Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises
• Provides a strong policy orientation by an author who worked for many years at the IMF
• Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and an update on the 08-09 meltdown

"Montiel's book is indispensable for anyone wishing to deepen their understanding of International Macroeconomics. It presents a much more realistic picture than what is provided by other textbooks." Rodolphe Desbordes, University of Strathclyde "This text's main strength is its unified approach, as it starts with a general model, and then considers special cases pertaining to particular countries, institutions, and historical time periods." Kenneth Kasa, Simon Fraser University "Montiel's friendly style, clarity of exposition, and rigorous treatment of the international topics make this a strong textbook." David Shepherd, University of Westminster "This text's exposition is very methodical, applying the method of comparative statics systematically for evaluating important contemporaneous policy issues as well as historical episodes." Watanabe Shinichi, International University of Japan

Peter J. Montiel is the Farleigh S. Dickinson '41 Professor of Economics at Williams College, and received his PhD from MIT. He has served as a Senior Policy Advisor at the IMF as well as Chief of the Macroeconomics and Growth Division of the Policy Research Department of the World Bank, and has provided expert counsel to a variety of regional development banks and central banks. He is the author of several books, including Development Macroeconomics, 3rd edition (with Richard Agenor, 2008) and Macroeconomics in Emerging Markets (2nd edition forthcoming), and numerous articles on international macroeconomics.

"Montiel's book is indispensable for anyone wishing to deepen their understanding of International Macroeconomics . It presents a much more realistic picture than what is provided by other textbooks." -- Rodolphe Desbordes , University of Strathclyde "This text's main strength is its unified approach, as it starts with a general model, and then considers special cases pertaining to particular countries, institutions, and historical time periods." -- Kenneth Kasa , Simon Fraser University "Montiel's friendly style, clarity of exposition, and rigorous treatment of the international topics make this a strong textbook." -- David Shepherd , University of Westminster "This text's exposition is very methodical, applying the method of comparative statics systematically for evaluating important contemporaneous policy issues as well as historical episodes." -- Watanabe Shinichi , International University of Japan FEATURES OF THE BOOK Presents an analytically rigorous introduction to the field and uniquely includes optional econometric studies. Provides a unified macroeconomic model to examine rigorously international macroeconomics and then focuses this model on historic cases, institutions, and specific countries, dealing with various types of macroeconomic crises. Provides a strong policy orientation by an author who worked for many years at the IMF. Is supported by a website with extensive solutions for the problem sets, PowerPoint slides, and an update on the 08-09 meltdown.

International Macroeconomics provides students with an analytically rigorous introduction to exchange rates and their impact in macroeconomics. Utilizing a uniquely unified, single-model approach, this textbook guides the reader through a broad range of policy issues, historic cases, institutions, and specific countries, which allows for an extensive overview of macroeconomics within an international context. Its strong policy orientation reflects the experience of an author who worked for many years at the IMF and ensures that this book will appeal to a broad range of students. This text is supported by a website with extensive problem-set solutions, PowerPoint slides, and updated key data.

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