
Economic Disturbances and Equilibrium in an Integrated Global Economy
Investment Insights and Policy Analysis
Description
Key Features
- Helps readers build an intellectual framework that enables them to interpret articles in the financial press and policy decisions in a logical and consistent manner
- Differs from other books by eschewing partial equilibria analyses and instead providing a general equilibrium perspective useful for investors and policy makers
- Provides supporting data on a freely-accessible website so readers can test and replicate results
Readership
Upper-division undergraduates, graduate students, and professionals in international economics, macroeconomics, financial economics, and monetary economics. This book can be read by anyone who reads The Economist or The Wall Street Journal
Table of Contents
Introduction: Asset Allocation: Indexing, Smart Beta and Value Timing
Part I: Arbitrage and Mobility
1. Arbitrage, Mobility and Equilibrium Price
2. The Investment and Policy Insights and Implications Derived from Arbitrage and Mobility
3. Are Commodity Price Increases Equivalent to Tax Increases?
4. The Terms of Trade
5. Yields, Risk Premium, and Terms of Trade
6. The Competitive Economic Environment: Lessons from the States
7. Economic Policy and Performance: The Small-Cap and Country Effects
8. Migration: A Political Problem, an Economic Problem, or Both?Part II: The Trade Balance
9. The Macro Prospective
10. Diversity and Harmonization
11. The State Competitive Environment: Integration and Convergence
12. The Degree of Global Integration and National Economies’ Policy Options and Limitations
13. A Unified Theory: The Terms of Trade, Real GDP Growth Rate Differentials, Trade Balance, Capital Flows, and Relative Stock Market PerformancePart III: Exchange Rate and the Terms of Trade
14. Protectionism, Devaluation, and the Terms of Trade
15. Exchange Rates, Devaluations and the Terms of Trade
16. The Nominal Exchange Rate, the Terms of Trade, and the Economy
17. The U.S. Experience: An Interpretation
18. Relative Price Changes, Income Redistribution, and the Politics of Envy
19. Self-sufficiency, Nationalism, and Protectionism: The Common Elements
20. Mercantilism Does Not Make for Good EconomicsPart IV: The Balance of Payments
21. Building Block IV, Global Investing the Balance of Payments
22. Monetary Views: Part I
23. Monetary Views: Part II
24. The Greenspan Monetary Rule
25. Transparency and Rule-Based Monetary Policy
26. A Single or Dual Mandate?
27. The Demise of the Global Price Rule
28. The U.S. Inflation Rate
29. The Exchange Rate and Rest of the World InflationPart V: China--A Case Study
30. China in a Global Economy: An Interpretation
31. Examining China: Wealth, Income, and the Savings Rate
32. Examining China: Purchasing Power Parity, Terms of Trade, and Real Exchange Rates
33. Examining China: Economic Growth, Exchange Rates, and Relative Stock Performance
34. Examining China: Monetary Policy, Inflation Potential under a Floating Exchange Rate System
35. Examining China: Monetary Policy, Inflation Potential under a Fixed Exchange Rate System
36. Examining China: As a Non-Reserve Currency Country
Product details
- No. of pages: 433
- Language: English
- Copyright: © Academic Press 2018
- Published: April 18, 2018
- Imprint: Academic Press
- eBook ISBN: 9780128139943
- Paperback ISBN: 9780128139936
About the Author
Victor A. Canto
Affiliations and Expertise
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