Global Linkages: Macroeconomics, Interdependence and Co-operation in the World E

Description: Global Linkages by Warwick Mckibbin, Jeffrey Sachs " With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the worlds largest creditor country to the wor... FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description "With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the worlds largest creditor country to the worlds largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin and Sachs address a range of issues involving macroeconomic imbalances in the world economy. Through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. The authors show that key macroeconomic features of the 1980s can be explained by shifts in monetary and fiscal policies in the major economies and by supply shocks due to changes in oil prices. In addition to showing how the global macroeconomic experience can be understood, they focus on a number of current policy issues, including the reduction of global trade imbalances, the consequences of U.S. fiscal consolidation, the effects of an oil price shock, the implications for the U.S. economy of increases in Japanese and German fiscal spending, the effects of targeting exchange rates among the major currencies, and the gains of increased coordination of macroeconomic politics among the major economies. In several cases, their conclusions are shown to be quite different from those that form the basis of many conventional views. The authors also analyze the importance of interaction between policymakers in industrial economies and conclude by reemphasizing the need for U.S. politicians and policy experts to recognize that macroeconomic results in the U.S. now depend heavily on events abroad. " Notes "There is no question that the book will be an important contribution that should be on every international economists shelf." --Jeffrey A. Frankel,, Institute for International Economics "More than just another econometric model... McKibbin and Sachs pay particular attention to getting the economics right. A must for empirical researchers in the fields of international finance and the cross-country coordination of macroeconomic policy." --Ronald I. McKinnon, Stanford University Author Biography McKibbin is a professor of international economics and head of the Economics Division at the Australian National Universitys Research School of Pacific and Asian Studies. Review "More than just another econometric model... McKibbin and Sachs pay particular attention to getting the economics right. A must for empirical researchers in the fields of international finance and the cross-country coordination of macroeconomic policy." --Ronald I. McKinnon, Stanford University"There is no question that the book will be an important contribution that should be on every international economists shelf." --Jeffrey A. Frankel, Institute for International Economics Promotional "There is no question that the book will be an important contribution that should be on every international economists shelf." --Jeffrey A. Frankel,, Institute for International Economics "More than just another econometric model... McKibbin and Sachs pay particular attention to getting the economics right. A must for empirical researchers in the fields of international finance and the cross-country coordination of macroeconomic policy." --Ronald I. McKinnon, Stanford University Review Quote "There is no question that the book will be an important contribution that should be on every international economists shelf." --Jeffrey A. Frankel,, Institute for International Economics Details ISBN0815756011 Language English ISBN-10 0815756011 ISBN-13 9780815756019 Media Book Format Paperback Year 1991 Imprint Brookings Institution Place of Publication Washington DC Country of Publication United States Short Title GLOBAL LINKAGES DOI 10.1604/9780815756019 NZ Release Date 1991-06-01 US Release Date 1991-06-01 UK Release Date 1991-06-01 Publisher Rowman & Littlefield Publication Date 1991-06-01 DEWEY 337.015118 AU Release Date 2016-03-17 Author Jeffrey Sachs Pages 254 Subtitle Macroeconomics, Interdependence and Co-operation in the World Economy Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:9350693;

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