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

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

Citation

Currie, D, J Frankel, and G Holtham (1989), “The Theory and Practice of International Policy Coordination: Does Coordination Pay?“, in A Hughes Hallett, and V Tanzi (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/theory-and-practice-international-policy-coordination-does-coordination-pay

Citation

Begg, D and H Kuroda (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/domestic-and-cross-border-consequences-us-macroeconomic-policies

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Neumann, M, J Taylor and R Tryon (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/policy-analysis-multicountry-model

Citation

Currie, D, W Mckibbin, and P Minford (1989), “Implications of Policy Rules for the World Economy“, in J Sachs (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/implications-policy-rules-world-economy

Citation

Fischer, S, J Frenkel, and M Goldstein (1989), “Simulating the Effects of Some Simple Uncoordinatied Versus Uncoordinated Policy Rules“, in P Masson, and J Shafer (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/simulating-effects-some-simple-uncoordinatied-versus-uncoordinated-policy-rules

Citation

Boughton, J, M Miller, and M Mussa (1989), “The Stabilizing Properties of Target Zones“, in P Weller, and J Williamson (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/stabilizing-properties-target-zones

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Branson, W, M Draghi and F Giavazzi (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/exchange-rate-question-europe

Citation

Cohen, D, A Giovannini, and M Russo (1989), “The European Monetary Union: An Agnostic Evaluation“, in C Wyplosz (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/european-monetary-union-agnostic-evaluation

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Ostry, S and J Polak (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/role-international-institutions-surveillance-and-policy-coordination

Citation

Defraigne, P, M Dooley, and A Muscatelli (1989), “Macroeconomic Interactions Between the North and South“, in D Vines (eds), Macroeconomic Policies in an Interdependent World, CEPR Press, London. https://cepr.org/chapters/macroeconomic-interactions-between-north-and-south