The book is different from and superior to many macroeconomics textbooks not only because of its unique approach to open economy macroeconomic policy issues but also because of the extensive introductions questions exercises and suggested reading it provides in each part an open economy . Technically speaking open economies are any that engage in international trade however the smaller the economy the more open it can be presumed to be because fluctuations in international trade have a far greater impact on a countrys trading conditions and it is unlikely to produce the full range of its own goods and services the us therefore can be considered to be a relatively closed . This book draws together seminal contributions on the nature of macroeconomics in open economies and illuminates the material by using explanatory introductions to each piece discussion questions suggestions for further reading reference to the key. Get this from a library an open economy macroeconomics reader this book draws together the seminal contributions to the literature on the nature of macroeconomics in open economies and illuminates the material by using explanatory introductions to each piece . Get this from a library an open economy macroeconomics reader mehmet ugur
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