Book

Global Macroeconomics: Policy Conflict and Coordination

Nation states are politically independent, but their economies have become progressively more interdependent. The policies of any government increasingly spill over into other countries, and foreign governments' policies increasingly affect the home economy. As a result, each government has only a limited ability to control its own national economy, and intergovernmental policy coordination is potentially of mutual benefit. Resolving policy conflicts and fostering cooperation on an international scale, however, is even more difficult than it is within nations.
International macroeconomics must therefore go beyond the analysis of individual open economies: a systemic, global perspective is needed. The essays in this path-breaking volume make important contributions to this rapidly developing field. The authors assess alternative methods for analysing the strategic interactions among governments; discuss the design of economic policies in an uncertain world; present estimates of the potential gains from macroeconomic policy coordination; evaluate the operation of the European Monetary System, a pioneering attempt at international coordination; and interpret recent developments in North-South macroeconomic interactions.

Citation

Portes, R and R Bryant (eds) (1987), ‘Global Macroeconomics: Policy Conflict and Coordination‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Miller, M (1987), ‘Overview of Section II‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Buiter, W (1987), ‘Overview of Section I‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Driffill, J, R Portes and R Bryant (1987), ‘Introduction: Global Macroeconomics: Policy Conflict and Coordination‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Rubinstein, A and J Roberts (1987), ‘The Complexity of Strategies and the Resolution of Conflict: an Introduction‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Mirman, L and C Fershtman (1987), ‘Alternative Approaches to Dynamic Games‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Dornbusch, R (1987), ‘Overview of Section IV‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Vidalis, N, P Levine, P Masson and D Currie (1987), ‘International Cooperation and Reputation in an Empirical Two-Bloc Model‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Hughes Hallett, A, G Oudiz and A Holthausen (1987), ‘International Policy Cooperation and Model Uncertainty‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Branson, W, C Wyplosz and D Begg (1987), ‘Why the EMS? Dynamic Games and the Equilibrium Policy Regime‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Giovannini, A, R Marston and F Giavazzi (1987), ‘Models of the EMS: is Europe a Greater Deutschmark Area?‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Eaton, J and D Cohen (1987), ‘External and Domestic Debt Constraints of LDCs: a Theory with a Numerical Application to Brazil and Mexico‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination

Citation

Vines, D and S van Wijnbergen (1987), ‘Protectionism and the Debt Crisis‘, in Portes, R and R Bryant (eds), Global Macroeconomics: Policy Conflict and Coordination, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-macroeconomics-policy-conflict-and-coordination