Macroeconomics for Emerging East Asia

Uses a distinctive approach to understanding macroeconomics for emerging East Asian economies using the latest data and case study analysis.

Calla Wiemer (Author)

9781009152532, Cambridge University Press

Paperback / softback, published 1 December 2022

400 pages
25.5 x 20 x 1.6 cm, 0.8 kg

'In Macroeconomics for Emerging East Asia, Calla Wiemer skillfully presents theoretical concepts and policy topics in a highly lucid manner. The liberal use of examples from East Asia makes it attractive both to intermediate economics majors and to advanced students in public policy, business, and area studies.' Shinji Takagi, Distinguished Research Professor, Asian Growth Research Institute, and Professor Emeritus of Economics, Osaka University

Macroeconomics for Emerging East Asia presents a distinctive approach to the study of macroeconomic theory and policy. The author develops a unique analytical framework that incorporates: (1) both internal and external balance as aspects of macroeconomic stability; (2) both the exchange rate and the interest rate as monetary policy instruments, (3) government debt sustainability as a concern of fiscal policy, and (4) global capital flows as a force to be reckoned with. The framework provides students with the foundational knowledge to analyze macroeconomic issues common to emerging economies. Concepts are illustrated using the latest empirical data and extensive case study analysis for thirteen economies of Northeast and Southeast Asia (Cambodia, China, Hong Kong, Indonesia, Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam). The book's lucid exposition accommodates students of differing levels of preparation.

1. Fitting macroeconomics to emerging East Asia
2. Taking the measure of emerging East Asia
3. Microeconomic fundamentals
4. National income and product accounts
5. Balance of payments accounts
6. Money
7. Finance
8. Exchange rates
9. Models of equilibrium and disequilibrium
10. Business cycles
11. Monetary policy
12. Fiscal policy
13. Policy for internal and external balance
14. Macroprudential policy
15. Crises
16. Epilogue.

Subject Areas: Political economy [KCP], International economics [KCL], Economic growth [KCG], Macroeconomics [KCB]