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Comparing The Global Performance Of Alternative Exchange Arrangements Warwick J Mckibbin Jeffrey D Sachs
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Book Synopsis COMPARING THE GLOBAL PERFORMANCE OF ALTERNATIVE EXCHANGE ARRANGEMENTS WARWICK J. MCKIBBIN, JEFFREY D. SACHS. by : Warwick J. Mackibbin
Download or read book COMPARING THE GLOBAL PERFORMANCE OF ALTERNATIVE EXCHANGE ARRANGEMENTS WARWICK J. MCKIBBIN, JEFFREY D. SACHS. written by Warwick J. Mackibbin and published by . This book was released on 1986 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comparing the Global Performance of Alternative Exchange Arrangements by : Warwick J. McKibbin
Download or read book Comparing the Global Performance of Alternative Exchange Arrangements written by Warwick J. McKibbin and published by . This book was released on 1986 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comparative the Global Performance of Alternative Exchange Arrangements by : Warwick J. McKibbin
Download or read book Comparative the Global Performance of Alternative Exchange Arrangements written by Warwick J. McKibbin and published by . This book was released on 1986 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comparing the Performance of Alternative Exchange Arrangements by : Warwick J. McKibbin
Download or read book Comparing the Performance of Alternative Exchange Arrangements written by Warwick J. McKibbin and published by . This book was released on 1986 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volatility of the world economy since the breakdown of the Bretton Woods par value system of exchange rates has led many policymakers and economists to call for reform of the international monetary system. Many critics of the current "non-system" call for tighter international rules of the game in macroeconomic policy making. The proposed systems cover a wide spectrum of measures including maintaining the current flexible exchange rate system but with increased consultations between the major economies; a "target zone " system as advocated by John Williamson; or a full return to a system of fixed exchange rates as advocated by Ronald McKinnon This paper presents and applies a methodology useful for studying the operating characteristics of a number of alternative monetary arrangements using a large-scale simulation model of the world economy. We consider the performance of the regimes when policymakers do or do not observe the shocks, and when policymakers infer the shocks using an optimal filtering rule. Although the results are model specific and at best illustrative of the issues involved, the approach does have the advantage of providing a richer framework of analysis than is possible in simple models of international interdependence.
Author :Hong Kong Economic Association Publisher :Springer Science & Business Media ISBN 13 :9781402072871 Total Pages :276 pages Book Rating :4.0/5 (728 download)
Book Synopsis Exchange Rate Regimes and Macroeconomic Stability by : Hong Kong Economic Association
Download or read book Exchange Rate Regimes and Macroeconomic Stability written by Hong Kong Economic Association and published by Springer Science & Business Media. This book was released on 2003 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian crisis of 1997-1998 was a major influence on macroeconomic thinking concerning exchange rate regimes, the functioning of international institutions, such as the IMF and the World Bank, and international contagion of macroeconomic instability from one country to another. Exchange Rate Regimes and Macroeconomic Stability offers perspectives on these issues from the viewpoints of two Nobel Laureates, an IMF economist, and Asian economists. This book contributes new ideas to the ongoing debate on the role of domestic monetary authorities and international institutions in reducing the likelihood of international financial crises, as well as the problems associated with various exchange rate regimes from the standpoint of macroeconomic stability. Overall, the chapters contained in this volume offer interesting perspectives, which have been stimulated by the recent events in the foreign exchange market. They provide a useful reference for anyone interested in the development of exchange rate regimes, and represent considerable reflection by economists half a century after Bretton Woods.
Book Synopsis Monetary Policy for a Volatile Global Economy by : William S. Haraf
Download or read book Monetary Policy for a Volatile Global Economy written by William S. Haraf and published by American Enterprise Institute. This book was released on 1990 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the crucial relationships between domestic and international economic developments and on their implications for monetary, fiscal, and exchange rate policies. The volume includes Richard N.Cooper on challenges to the international monetary system, Hali Edison and Michael Melvin on the choice of an exchange rate system, Gottfried Haberler on international and European monetary systems, Alan C.Stockman on exchange rates and the current account, Guido Tabellini on export of an inflation tax; and Thomas D.Willett and Clas Wihlborg on international capital flows and the dollar. It is a companion volume to Monetary Policy for a Changing Financial Environment.
Book Synopsis The McKibbin-Sachs Global Model by : Warwick J. McKibbin
Download or read book The McKibbin-Sachs Global Model written by Warwick J. McKibbin and published by . This book was released on 1989 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular attention to the relation between stocks and flows and intertemporal constraints. The formation of expectations also plays an important role in the model. In the version presented here the world is divided into the U.S., Japan, Germany, the rest of the EMS, and the rest of the OECD, non-oil developing countries and OPEC.
Author :Mrs.Teresa Ter-Minassian Publisher :International Monetary Fund ISBN 13 :9781557756633 Total Pages :1146 pages Book Rating :4.7/5 (566 download)
Book Synopsis Fiscal Federalism in Theory and Practice by : Mrs.Teresa Ter-Minassian
Download or read book Fiscal Federalism in Theory and Practice written by Mrs.Teresa Ter-Minassian and published by International Monetary Fund. This book was released on 1997-09-10 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.
Book Synopsis Global Linkages by : Warwick J. McKibbin
Download or read book Global Linkages written by Warwick J. McKibbin and published by Brookings Institution Press. This book was released on 2011-03-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 world's largest creditor country to the world's 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.
Book Synopsis Macroeconomic Policies in an Interdependent World by : Mr.Paul R. Masson
Download or read book Macroeconomic Policies in an Interdependent World written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1989-06-15 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Copublished with the Brookings Institution, Washington D.C. and the Centre for Economic Policy Research, London, and edited by Ralph Bryant, David Currie, Jacob A. Frenkel, Paul Masson, and Richard Portes, this volume considers economic interdependence among well developed countries as well as between them and the developing regions of the world.
Book Synopsis International Aspects of Fiscal Policies by : Jacob A. Frenkel
Download or read book International Aspects of Fiscal Policies written by Jacob A. Frenkel and published by University of Chicago Press. This book was released on 2007-12-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as graduate students in the fields of global monetary economics, finance, and macroeconomics will find this an outstanding contribution to current research. It includes two commentaries for each paper, written by experts in the field, and Frenkel's detailed introduction, which serves as a reader's guide to the arguments made, the models employed, and the issues raised by each contributor. The studies analyze national fiscal policies within the context of the international economic order. Malcolm D. Knight and Paul R. Masson use an empirical model to show that fiscal changes in recent years in the United States, West Germany, and Japan have caused major disturbances in net savings and investment flows. Linda S. Kole uses a two-country simulation model to examine the effects of a large nation's expansion on exchange rates, interest rates, and the balance of payments. In other studies, Warwick J. McKibbin and Jeffrey D. Sachs discuss the influences of different currency regimes on the international transmission of inflation; Kent P. Kimbrough analyzes the interaction between optimal tax policies and international trade; Sweder van Wijnbergen investigates the interrelation of fiscal policies, trade intervention, and world interest rates; and Willem H. Buiter uses an analytical model to look at fiscal interdependence and optimal policy design. David Backus, Michael Devereux, and Douglas Purvis develop a theoretical model to investigate effects of different fiscal policies in an open economy. Alan C. Stockman looks at the influence of policy anticipation in the private sector, while Lawrence H. Summers shows the effects of differential tax policy on international competitiveness.
Book Synopsis International Finance Discussion Papers by :
Download or read book International Finance Discussion Papers written by and published by . This book was released on 1989 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of International Money and Finance by :
Download or read book Journal of International Money and Finance written by and published by . This book was released on 1988 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earlier place of publication varies.
Book Synopsis Exchange Rate Regimes, the Real Exchange and Export Performance in Latin America by : Carlos E. Paredes
Download or read book Exchange Rate Regimes, the Real Exchange and Export Performance in Latin America written by Carlos E. Paredes and published by . This book was released on 1989 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rates and U.S. External Adjustment in the Short Run and the Long Run by : Peter Hooper
Download or read book Exchange Rates and U.S. External Adjustment in the Short Run and the Long Run written by Peter Hooper and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Exchange Markets and Target Zones by : Gerald Holtham
Download or read book Foreign Exchange Markets and Target Zones written by Gerald Holtham and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comparing the Global Performance of Alternative Exchange Arrangements by :
Download or read book Comparing the Global Performance of Alternative Exchange Arrangements written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
