INTERNATIONAL MACROECONOMIC INTERDEPENDENCE by Paul R Bergin

Regular price
Checking stock...
Regular price
Checking stock...
World of Books

At World of Books, you’ll find millions of preloved reads at great prices, from bestsellers to hidden gems. Every book you buy saves money and helps reduce waste, so you can read more for less while giving stories a second life.

The feel-good place to buy books
  • Free US shipping over $15
  • Buying preloved emits 41% less CO2 than new
  • Millions of affordable books
  • Give your books a new home - sell them back to us!

INTERNATIONAL MACROECONOMIC INTERDEPENDENCE by Paul R Bergin

How does globalization in goods and asset markets alter the nature of economic recessions and the choices facing macroeconomic policy makers? This volume presents empirical and theoretical contributions of economist Paul Bergin to this vital question. By a number of metrics, including trade volume and price convergence, national goods markets have become more globally integrated over time. The same is true for asset markets, which today function more as a single global marketplace. Rigorous theoretical models are developed to explore how international integration in these markets provides channels by which shocks driving recession in one country can be transmitted to other countries. These theoretical concepts can shed light on the Great Recession of the last decade, which has been referred to as the first truly global recession. Theory is also brought to bear to explore how these international spillovers and the resulting international co-movement in recessions can create incentives for policy makers to coordinate their monetary and fiscal policies with each other, as they deal with the challenge of managing their national economies.
SKU Unavailable
ISBN 13 9789813224599
ISBN 10 9813224592
Title INTERNATIONAL MACROECONOMIC INTERDEPENDENCE
Author Paul R Bergin
Series World Scientific Studies In International Economics
Condition Unavailable
Binding Type Hardback
Publisher World Scientific Publishing Co Pte Ltd
Year published 2017-12-18
Number of pages 436
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.