Table of Contents

1. The global economy
2. Measuring international macroeconomic behaviour
3. The exchange rate and competitiveness
4. Tradables, nontradables and the terms of trade
5. Saving, investment and the external accounts
6. Fiscal policy
7. Monetary policy
8. Macroeconomic policy in the short run
9. Macroeconomic policy in the longer run
10. Wages, employment and unemployment
11. Economic growth
12. Foreign investment and currency crises