第一章 宏观经济学的研究对象是什么?宏观经济学所关心的主要问题有哪些?

Fred bergsten explains why policymakers need to act now in order to avert the danger of serious damage to the world economy FIVE major risks threaten the world economy. Three centre on the United States: renewed sharp increases in the current-account deficit leading to a crash of the dollar; a budget profile that is out of control; and an outbreak of trade protectionism a fourth relates to China which faces a possible hard landing from its recent overheating The fifth is that oil prices could rise to $60-70 per barrel even without a major political or terrorist disruption, and much higher with one

The economic emergence of a fixed exchange rate periphery in Asia has reestablished the United States as the center country in the Bretton Woods international monetary system. We argue that the normal evolution of the international monetary system involves the emergence of a periphery for which the development strategy is export-led growth supported by undervalued exchange rates

From The Economist print edition Why the dollar still rules the world-and why the world should be grateful THE dollar is looking vulnerable. It is propped up not by the strength of America's exports, but by vast imports of capital. America, a country already rich in capital, has to borrow from abroad almost

The definitive reference work for CS and OR students, only S18.95 www.doverpublications.com Economist.comOPINION Rudiger Dornbusch Aug 8th 2002 From The Economist print edition Rudiger Dornbusch, a far-from-dismal

Economist.comSURVEYS The price of profligacy Sep 18th 2003 From The Economist print edition How bad is America's borrowing binge? \I JUST think it's a meaningless concept\That was the verdict of Paul O'Neill, George Bush's plain-spoken first Treasury secretary on the current-account deficit. Mr O'Neill reckoned it was silly to worry about external imbalances in a global economy where capital flows

Our Net Book Value just RESEARCH TOOLS Economist.comSURVEYS Shrink-proof Sep 18th 2003 From The Economist print edition Why America's deficit is hard to turn around IF FOREIGNERS lose enthusiasm for American assets, they simply click on a mouse. Capital

Can Germany and Japan be reinvigorated? THEY are the world's' second-and- third-large- economies. Measured at market exchange rates, Japan and Germany together make up about 20% of global output. And they are both in a mess

If the global economy falters, free trade will suffer \I'M MAD as hell, roared the man on stage. \Mad as hell about what is happening to the manufacturing sector in America. \ This is a trade war with China,\ shouted his colleague, \and it's time to fight that war head on.\ The audience cheered in approval. Patriotic songs played in the background, interspersed with extracts from George Bush's address to the nation after September

\Picture Mom,dad, and the kids in an upper-middle-- Asian family in 100 years'time: After loading up with cash at the corner Citibank, they drive off to Walmart and fill the trunk of their Ford with the likes of Fritos and Snickers. On the way home, they stop at the American-owne Cineplex to catch the latest Disney movie, paying with their Visa card. In the evening, after putting the kids