Emphasizing the use of data and empirics to link cutting-edge economic theory to current world events, this book was developed in the classroom by two of the most prominent researchers in the field who saw a need for a text with fresh theories and perspectives. Seamlessly blending theory and data with real-world policies, events, and evidence, Feenstra and Taylor's International Macroeconomics provides engaging, balanced coverage and applications of key concepts. The 5th edition includes: ¿ New coverage of poor countries and financial globalization. ¿ New application about monetary policy at the zero-lower bound after the Global Financial Crisis and the coronavirus pandemic recession. ¿ Thorough updating of the most recent changes in the EU and the Eurozone, including Brexit. ¿ Data, examples and applications updated throughout.