International Macroeconomics for Business and Political Leaders

Cover
Half Title
Title Page
Copyright Page
Contents
List of figures
Preface
Acknowledgements
List of abbreviations
Chapter 1: Measures of economic health
	Gross domestic product (GDP)
	Measures of labor market health
	Measuring a nation’s average price level and inflation rate
	Conclusion
	Notes
Chapter 2: Two important keys that unlock international macroeconomics
	Three interconnected macroeconomic markets
	Primer on supply and demand
	Conclusion
Chapter 3: Goods and services market
	Goods and services supply and demand
	Consequences of changing G&S demand and supply
	What causes inflation?
	What causes deflation?
	Examples
	Conclusion
Chapter 4: Fiscal policy
	Government deficits, surpluses, and debts
	Fiscal policy and its effect on G&S demand
	Why do governments focus on G&S demand and not G&S supply?
	Government transfer payments, taxes, and cyclical deficits
	Conclusion
Chapter 5: Foreign exchange market
	Four different exchange rate measures
	Determining a nation’s exchange rate and quantity of currency traded per period
	Examples
	Conclusion
	Notes
Chapter 6: Balance of payments
	Major parts of a nation’s balance of payments
	Examples
	Conclusion
	Notes
Chapter 7: An overview of financial markets
	Debt versus equity markets
	Money versus capital markets
	Primary versus secondary markets
	Helpful information about debt and equity yields, returns, and prices
	What determines stock prices, and why do they change?
	International macroeconomics combines debt and equity markets
	Portfolio composition
	Conclusion
	Notes
Chapter 8: Credit market
	Nominal versus real credit costs
	Determining a nation’s real cost of credit and quantity of real credit per period
	External factors that influence the cost of credit
	Examples
	Conclusion
	Notes
Chapter 9: Money, banking, and central banks
	What is money?
	Central bank mandate(s)
	How do central banks control their nations’ money supplies?
	Conclusion
	Notes
Chapter 10: Central bank tools and monetary policy
	Central bank monetary tools
	Monetary policy
	Bubbles and crashes
	Microprudential regulations
	Macroprudential regulations
	Conclusion
	Notes
Chapter 11: Putting it all together
	The economic effects of expansionary monetary policy
	The economic effects of expansionary fiscal policy
	Conclusion
	Notes
Chapter 12: Conclusion
Index