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The Age of Interdependence : Economic Policy in a Shrinking World ePub download

by Michael Stewart

  • Author: Michael Stewart
  • ISBN: 026219225X
  • ISBN13: 978-0262192255
  • ePub: 1814 kb | FB2: 1206 kb
  • Language: English
  • Category: Politics & Government
  • Publisher: MiT Press (1984)
  • Rating: 4.8/5
  • Votes: 450
  • Format: docx lit mbr lrf
The Age of Interdependence : Economic Policy in a Shrinking World ePub download

The Age of Interdependence book. Goodreads helps you keep track of books you want to read. Start by marking The Age of Interdependence: Economic Policy in a Shrinking World as Want to Read: Want to Read saving.

The Age of Interdependence book. International coordination of economic policies is perhaps the. Start by marking The Age of Interdependence: Economic Policy in a Shrinking World as Want to Read: Want to Read savin. ant to Read.

Not only economists should be interested in this well-conceived (and well-written) book which grapples with two basic weaknesses of conventional macroeconomic policy, Keynesian or monetarist. Interdependence limits what national governments can do; short time horizons make it hard to deal with long-term problems such as pollution, energy and the reeducation of the labor force.

International coordination of economic policies is perhaps the most topical item on any current economic agenda. And this book points up the urgency of coming to terms with the situation.

The age of interdependence. economic policy in a shrinking world ; Michael Stewart. 1st MIT Press ed. by Stewart, Michael. Published in Cambridge, Mass.

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Economic Management in an Age of Global Markets. World Politics 46 (1):50–82

Australian Journal of Political Science, Vol. 39, Issue. Invested Interests: The Politics of National Economic Policies in a World of Global Finance. International Organization 45 (4):425–51. Economic Management in an Age of Global Markets. World Politics 46 (1):50–82. Gowa, Joanne, and Mansfield, Edward . .

Some economists reckon monetary policy can retain its potency even when rates drop to zero, since if central banks . But reforming economic policy to fit a low-rate world requires discussion about the practice of monetary policy. That discussion will necessarily be political.

Some economists reckon monetary policy can retain its potency even when rates drop to zero, since if central banks were to promise to allow high inflation in future that would have the effect of reducing the real interest rate (ie, adjusted for inflation) in the present. But central banks cannot credibly make such promises, since forward-looking firms and households will inevitably question whether institutions designed to stifle inflation would embrace it when the time came. It is not crazy to say so.

Economic interdependence is a consequence of specialization or the division of labor. The participants in any economic system must belong to a trading network to obtain the products they cannot produce efficiently for themselves

Economic interdependence is a consequence of specialization or the division of labor. The participants in any economic system must belong to a trading network to obtain the products they cannot produce efficiently for themselves. Any change in such a network affects many participants, so that the demands for various products and the incomes of the participants are interdependent.

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Book by Michael Stewart
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