Description: The essays in this volume, written by Robert Mundell's academic descendants, as well as other leading economists and scholars, reflect Mundell's broad influence on modern open-economy macroeconomics. The topics include the effects of monetary and fiscal policy, the vicissitudes of gold in the international system, choice of exchange rate regime, post-World War II European monetary reform, banking crises in emerging markets, speculative attacks on fixed exchange rates, monetary policy rules, interactions between economists and policy makers over macrostabilization and structural microeconomic issues, the connection between international factor mobility and trade, separation of monetary from nonmonetary gold flows in pre-World War II current-account data, international factor mobility, the Mundell-Flemming open-economy macro model, the quantitative implications of general-equilibrium sticky price models, the international roles of the euro and yen, and the employment effects of import tariffs.

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