Macroeconomics for Emerging East Asia

Calla Wiemer

2022 ж. жел. · Cambridge University Press

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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.

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Calla Wiemer has taught at the University of Hawaii at Manoa, the University of the Philippines, the National University of Singapore, the KDI School of Public Policy and Management, and Claremont McKenna College. She was Editor-in-Chief of the Journal of Asian Economics from 2015 to 2020. As President of the American Committee on Asian Economic Studies, she moderates the Asia Economics Blog. She is bi-continental with homes in Los Angeles and Manila.