Understanding Interdependence: The Macroeconomics of the Open Economy

by Peter B. Kenen (Editor)

Overview

Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers.


The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.

Product Details

ISBN-13:	9780691231136
Publisher:	Princeton University Press
Publication date:	06/08/2021
Sold by:	Barnes & Noble
Format:	eBook
Pages:	568
File size:	13 MB
Note:	This product may take a few minutes to download.

About the Author

Peter B. Kenen is Walker Professor of Economics and International Finance, and Director of the International Finance Section, Department of Economics, Princeton University.

Table of Contents

List of Figures

List of Tables

Introduction

1 The Endogeneity of Exchange-Rate Regimes

2 Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements

3 Panel: One Money for How Many?

4 Exchange Rates, Prices, and External Adjustment in the United States and Japan

5 The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence

6 International Capital Mobility in the 1990s

7 A Retrospective on the Debt Crisis

8 Trade Liberalization in Disinflation

9 Inflation and Growth in an Integrated Approach

10 Panel: The Outlook for Stabilization and Reform in Central and Eastern Europe

11 International Cooperation in the Making of National Macroeconomic Policies: Where Do We Stand?

12 The Political Economy of Monetary Union

13 What Do We Need to Know about the International Monetary System?

Conference Participants

Author Index

Subject Index