A graduate-level book in Open Economy Macroeconomics that would be quite useful for any course on the subject. It has a Newtonian elegance in that most of the text is developed within a cogent and rigorous framework. The scholarship is impeccable.(Guillermo Calvo, Professor of Economics, International and Public Affairs, Columbia University)
A comprehensive, theory-based, well-written exposition of the modern theory of the open economy. It will appeal to teachers of graduate courses in open economy economics, and to their students.(Stanley Fischer)
About the Author
Carlos A. Végh is Professor of Economics at the University of Maryland and a Research Associate at the National Bureau of Economic Research.