Macroeconomics

This text presents an analysis of how international direct investment since World War II has played an important role in the process by which industrial countries generate technology and productivity growth. It covers the complex relations between the US and Japan since 1945...

This text develops a complex open economy macro-model of the world economy that synthesizes the new Keynesian and new classical approaches to constructing aggregate models. It extends the two approaches by offering a more general international and intertemporal transmission mechanism...