Incluye referencias bibliográficas (páginas 608-632) e índice.

Part I: Global exchange rate regimes ; 1. The gold standard regime ; 2. The International Monetary Fund system ; 3. The float ; 4. The European Monetary System ; 5. The increased financial interdependence in the world economy -- Part II: Open economy models - comparative statics analysis ; 6. The Mundell-Fleming model. 7. The Mundell-Fleming model - its strengths and limitations. 8. The Mundell-Fleming model with wage and price adjustment ; 9. Disequilibrium models of product and labour markets ; 10. The portfolio balance model of the monetary sector ; 11. The Mundell-Fleming model with wealth ; 12. The classical elasticities approach to a devaluation ; 13. A two-country Mundell-Fleming type model ; 14. The two-country model with flexible wages and prices ; 15. Econometric evidence - the large-country case ; 16. A three-country model and the European Monetary System ; 17. A two-sector model of a small economy with flexible exchange rates -- Part III. Open economy models - dynamic analysis ; 18. Dynamic effects of a monetary expansion under flexible rates - the Dornbusch 1976 mode ; 19. Branson's portfolio balance model - monetary expansion under flexible rates ; 20. The dynamic adjustment to a fiscal deficit - a simple framework ; 21. An extended Mundell-Fleming model with J curves ; 22. Effects of a restrictive money growth policy on the path of inflation and unemployment -- Part IV: New Classical themes ; 23. Macro policy impotence and the New Classical paradigm ; 24. The effects of anticipated monetary and fiscal policies in a small economy with flexible exchange rates ; 25. The equilibrium rate of inflation with discretion and some reputation ; 26. The Ricardian equivalence hypothesis -- Part V: A general framework ; 27. Modelling goods and money markets ; 28. Modelling production and labour markets ; 29. Imposing medium- to long-run constraints on the model ; 30. The effects in the short and the long run of a monetary and fiscal expansion under flexible rates in a more general framework -- Part VI: Models of exchange rates ; 31. Modelling exchange rates (1) ; 32. Modelling exchange rates (2) ; 33. Foreign exchange market efficiency and financial integration - concepts and evidence -- Part VII: Policy design ; 34. Macro policy targets ; 35. The regulatory-institutional environment, the policy regime and macro performance ; 36. Choosing the exchange rate regime ; 37. Rules versus discretion ; 38. Assignment rules for internal and external balance ; 39. Theoretical evaluation of alternative simple policy regimes ; 40. Econometric evaluation of policy regimes ; 41. Issues raised by nominal income targeting ; 42. Global macro performance - 1972-91 ; 43. The rise and fall of monetarism ; 44. Unemployment performance and policy ; 45. Macro policy coordination -- Part VIII: Case studies of macro policy ; 46. A decade of Thatcherism: 1979-89 - Thatcherism and Reaganomics compared ; 47. Japan’s macroeconomic performance (1960-90) ; 48. Macroeconomic policy and the regulatory environment: the Australian and New Zealand experience 1973-91.