For this two-volume set the editor has selected the key contributions to the field of open economy macroeconomics which have been made over the past half century and more. The articles selected cover traditional open economy models, first generation intertemporal open economy models, the structure of open economy macro-models, some controversies and puzzles, and second generation intertemporal models. Norman Miller has written an authoritative introduction to each volume, which both summarizes and offers a critical appraisal of the major ideas which have shaped macroeconomics during the last fifty years. This collection will be of particular interest to specialists and graduate students in the fields of international finance and open economy macroeconomics.