Book

Macroeconomic Policies in an Interdependent World

This volume contains revised versions of the essays and discussants' comments presented at a December 1988 conference of the same name, which brought together policy-makers and academic researchers to assess the major issues in the field. The volume begins with two broad surveys: an overview of the issues involved in international coordination of economic policies and the potential benefits; and an analysis of the empirical evidence on macroeconomic interactions in the world economy. These are followed by chapters evaluating alternative rules or regimes for the international macroeconomy, using empirical multicountry macromodels. Further chapters study more specific policy issues: the target zone proposal; the European Monetary System as a possible example for the international economy; and plans for a European central bank. A subsequent chapter examines more general institutional questions concerned with policy coordination and the role of international organizations in the process. The volume ends with a chapter covering macroeconomic interdependence between industrial and developing countries, and the implications of these interactions for international policy coordination.

Citation

Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds) (1989), ‘Macroeconomic Policies in an Interdependent World‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Portes, R, P Masson, D Currie, J Frenkel and R Bryant (1989), ‘Introduction: Macroeconomic Policies in an Interdependent World‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Tanzi, V, A Hughes Hallett, J Frankel, G Holtham and D Currie (1989), ‘The Theory and Practice of International Policy Coordination: Does Coordination Pay?‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Kuroda, H and D Begg (1989), ‘Domestic and Cross-Border Consequences of U.S. Macroeconomic Policies‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Taylor, J, R Tryon and M Neumann (1989), ‘Policy Analysis with a Multicountry Model‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Sachs, J, W Mckibbin, P Minford and D Currie (1989), ‘Implications of Policy Rules for the World Economy‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Shafer, J, P Masson, J Frenkel, M Goldstein and S Fischer (1989), ‘Simulating the Effects of Some Simple Uncoordinatied Versus Uncoordinated Policy Rules‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Williamson, J, P Weller, M Miller, M Mussa and J Boughton (1989), ‘The Stabilizing Properties of Target Zones‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Draghi, M, F Giavazzi and W Branson (1989), ‘The Exchange Rate Question in Europe‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Wyplosz, C, A Giovannini, M Russo and D Cohen (1989), ‘The European Monetary Union: An Agnostic Evaluation‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Polak, J and S Ostry (1989), ‘The Role of International Institutions in Surveillance and Policy Coordination‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world

Citation

Vines, D, M Dooley, A Muscatelli and P Defraigne (1989), ‘Macroeconomic Interactions Between the North and South‘, in Portes, R, P Masson, D Currie, J Frenkel and R Bryant (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/macroeconomic-policies-interdependent-world