The transatlantic economy is breaking into two different blocs: on the European side, there is the common market and a treaty calling for a common currency; on the United States side, we have NAFTA and calls for its extension to countries in Latin America. To date, there has been surprisingly little economic analysis of the causes or effects of this development, which is of major historical significance. This volume brings together specialists in trade theory, international finance, and political economy in an attempt to do just that.

The transatlantic economy is breaking into two different blocs: on the European side, there is the common market and a treaty calling for a common currency; on the United States side, we have NAFTA and calls for its extension to countries in Latin America. To date, there has been surprisingly little economic analysis of the causes or effects of this development, which is of major historical significance. This volume brings together specialists in trade theory, international finance, and political economy in an attempt to do just that.

Dieses Werk tritt im deutschsprachigen Raum die Nachfolge von Barros Makrookonomie an. Inhaltlich entspricht es der vierten Auflage von Barros Makrookonomie im amerikanischen Original. Diese wurde aber auf die europaische Perspektive hin und im Bereich der europaischen Institution vollstandig den hiesigen Erfordernissen angepasst. Damit erweist es sich erneut als ein fuhrendes deutschsprachiges Lehrwerk der Makrookonomie."

This major macroeconomics text by Robert Barro and Vittorio Grilli is written from a European perspective. It adopts an open-economy approach and incorporates full treatment of European labour and financial institutions and markets, and covers the main macroeconomic theories and policy in relation to the components of the macroeconomic environment.