Macroeconomic Aspects of International Trade and Finance

Macroeconomic aspects of international trade and finance (JEL F4) cover open-economy macroeconomics.

Scope

It includes open-economy macro models, current-account dynamics, international policy transmission, and global imbalances.

Sub-topics

• General
• Open Economy Macroeconomics
• International Policy Coordination and Transmission
• Economic Growth of Open Economies
• International Business Cycles
• Macroeconomic Issues of Monetary Unions
• Forecasting and Simulation: Models and Applications
• Other

Core questions

• How does the open economy behave macroeconomically?
• How do shocks transmit across borders?
• What drives current-account imbalances?

Key concepts

• Open-economy macroeconomics
• Current account
• Mundell-Fleming
• Policy transmission
• Global imbalances

Frequently asked questions

What is open-economy macroeconomics?

Macroeconomic analysis that incorporates trade, capital flows, and exchange rates between countries.