Demystifying Global Macroeconomics (DGM) provides readers with a practical, working use of international macroeconomics. For serious business and political leaders, understanding the global interconnections in economic and financial markets is crucial for making informed and well-timed decisions. DGM takes the mystery out of seemingly complex economic interactions by providing an easy-to-understand framework within which to analyze the effects of economic, social, and political shocks to a nation's economy.
John E. Marthinsen integrates the three major macroeconomic sectors, which are the credit market, goods and services market, and foreign exchange market. The author provides the reader with contemporary examples that virtually leap off the front pages of our daily news reports and confront business managers and politicians with choices and decisions to make. For example, DGM shows how to use macroeconomic tools and a global framework to analyze the effects of:
- U.S. tariffs on China and China's tariffs on the United States
- Infrastructure spending
- Speculative capital outflows from nations under stress, such as Argentina and Turkey, and speculative capital inflows into safe-haven countries, such as Switzerland
- Demonetization in India
- Successfully fighting the opioid abuse problem in the United States
- Border adjustment tax
- Monetary policies
- Fiscal policies
Marthinsen keeps readers visually engaged with the strategic use of figures, tables, charts, and illustrative exhibits. Demystifying Global Macroeconomics emphasizes the interaction among markets and equips readers with a macroeconomic perspective that will last (and be used) for years.
If you are adopting this book for a teaching course, please contact Stefan.Giesen@degruyter.com to request additional instructional material.
About the Author: Dr. John E. Marthinsen is The Distinguished Chair in Swiss Economics and Professor of Economics and International Business at Babson College in Wellesley, Mass. Dr. Marthinsen is the author of numerous articles and books, and the recipient of notable teaching awards. Among his most recent books are International Macroeconomics for Business and Political Leaders (Taylor & Francis Group-Routledge, 2017), Managing in a Global Economy: Demystifying International Macroeconomics: Second Edition (Thomson/South-Western, 2015), and Risk Takers: Uses and Abuses of Financial Derivatives: Second Edition (Pearson Prentice Hall, 2009). He has also co-authored Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain (John Wiley & Sons, 2013), Wealth by Association: Global Prosperity Through Market Unification (Praeger, 2003), Switzerland: A Guide to the Capital and Money Markets (Euromoney, 1996), and Entrepreneurship, Productivity, and the Freedom of Information Act (Lexington Books, 1983). Professor Marthinsen served as chairman of Babson College's Economics Division and has extensive consulting experience working for both domestic and international companies and banks, as well as for the U.S. government. He has been a member of the United Nations Association's Economic Policy Council and has lectured at both the University of Basel and University of Bern in Switzerland and the University of Nuremberg in Germany. From 2000 to 2009, Dr. Marthinsen was a member of the Board of Directors of Givaudan SA, a Swiss-based flavors and fragrances company. His primary research interests are in the areas of corporate finance, global macroeconomic analysis, banking, and international financial markets.
