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Intranational Macroeconomics Gregory D. Hess (Oberlin College, Ohio)

Intranational Macroeconomics By Gregory D. Hess (Oberlin College, Ohio)

Intranational Macroeconomics by Gregory D. Hess (Oberlin College, Ohio)


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Summary

To further our understanding of how economic interactions between countries will evolve as national borders decline in importance, recent research has analyzed economic interactions within a country - i.e. 'intranational macroeconomics'. This book brings the intranational macroeconomics literature into focus by collecting the strands of research into a common thread.

Intranational Macroeconomics Summary

Intranational Macroeconomics by Gregory D. Hess (Oberlin College, Ohio)

Historically, the study of international trade and finance has focused on the movements of goods and capital between nations. But as countries are becoming more integrated, the macroeconomic role of national borders is diminished. The approach that researchers have recently adopted to further our understanding of how economic interactions between nations will evolve as national borders decline in importance is to analyze economic interactions within a country (i.e., 'intranational macroeconomics'). This book brings the intranational macroeconomics literature into clearer focus by collecting the strands of research into a common thread. Each chapter attempts to answer the following two questions: first, what contributions do national borders make to our understanding of macroeconomics? Second, how will these contributions change as the world becomes more integrated?

Table of Contents

Introduction; Part I. Financial and Goods Market Integration: 1. Intranational versus international saving-investment comovements Eric van Wincoop; 2. International and intranational risk sharing Gregory D. Hess and Mario Crucini; 3. Interregional and international credit market integration Bent E. Sorenson and Oved Yosha; 4. Home bias in equity markets: international and intranational evidence Gur Huberman; 5. Relative price volatility: what role does the border play? Charles Engel and John Rogers; 6. (Why) do borders matter for trade? Holger Wolf; Part II. Business Cycles and Growth: 7. Income dynamics in regions and countries Paul Evans; 8. Intranational labor migration, business cycles and growth Antonio Fatas; 9. The sources of fluctuations within and across countries Todd Clark and Kwanho Shin; Part III. Fiscal and Monetary Policy: 10. Regional non-adjustment and fiscal policy Maurice Obstfeld and Fabrizio Peri; 11. Fiscal policy and intranational risk sharing Juergen von Hagen; 12. Do local banks matter for the local economy? In search of a regional credit channel Sandra Hanson and Chris Waller.

Additional information

NPB9780521661638
9780387966694
0387966692
Intranational Macroeconomics by Gregory D. Hess (Oberlin College, Ohio)
New
Hardback
Cambridge University Press
2000-09-11
338
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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