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1 Business-CycleFacts Around the World 1
2 An Open EndowmentEconomy 35
3 An Open Economywith Capital 79
4 TheSmall-Open-Economy Real-Business-Cycle Model 103
5 Emerging-CountryBusiness Cycles Through the Lens of the SOE-RBC Model 203
6 Interest-RateShocks 243
7 Importable Goods,Exportable Goods and the Terms of Trade 285
8 Nontradable GoodsAnd The Real Exchange Rate 345
9 Nominal Rigidity,Exchange Rates, And Unemployment 389
10 Exchange RatePolicy And Capital Controls 481
11 PolicyCredibility And Balance Of Payments Crises 527
12 CollateralConstraints And Overborrowing [Incomplete] 565
13 SovereignDefault 585
References 753
Open Economy Macroeconomics.pdf
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