International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination

Preface - Introduction and Major Conclusions; E.S.Phelps - Trade Balance Patterns as Global General Equilibrium: The Seventeenth Approach to the Balance of Payments; R.Mundell - PART 1: DOMESTIC ECONOMIC POLICY AND TRADE BALANCE - The Real Exchange Rate Under Alternative Nominal Exchange Rate Regimes; E-M.Claassen - The Economic Effects of Expected Fiscal Policy in Small Open Economies; J.Schr der - The 'Pass-Through Puzzle': The Missing Prince from Hamlet; J.N.Bhagwati - PART 2: INTERDEPENDENCE BETWEEN AREAS AND BALANCES OF PAYMENTS - International Economic Interdependence and Trade Balances; L.Paganetto - A Framework to Develop Measures of Interdependence and Protectionism; P.L.Scandizzo - North-North and North-South Debt Crises and the Role of Trade Adjustments; P.C.Padoan - Latin-American Debt, US Role in the Transmission of North-South Linkages and World Trade; C.W.Reynolds - The Unified European Market and Trade with Latin America: Emargination or Development?; M.Bagella - PART 3: MARKETS, MONETARY AND FISCAL POLICY, INTERDEPENDENCE AND INTERNATIONAL COORDINATION OF ECONOMIC POLICIES - Exchange-Rate Regimes and the Desirability of International Cooperation; C.Carraro & F.Giavazzi - Prices and Exchange Rates: What Theory Needs to Explain; A.Giovannini - International Economic Coordination from Bretton Woods to the G5/G7 Meetings of the 80s; A.Colombo - International Economic Interdependence and World Income Distribution; G.Palmerio - Evaluation or Actual Mechanisms Worked for External Adjustments, 1985-1988; M.Yoshitomi - Cooperation in Managing the Dollar, 1985-1987: Interventions in Foreign Exchange Markets and Interest Rates; E.Gaiotti, P.Giucca & S.Micossi - EMS Membership under Real Exchange Rate Appreciation: Recent Trends in Italian Trade; R.de Luzenberger & C.Imbriani - Deficit and Surplus Forever?; S.Marris - Index