There has been considerable interest in recent years the question of issue linkages international negotiations. What is significant about discussions present era stress put on making trade-offs explicit among issues. Most highly publicized cases proposed appear to have motivated by attempts individual countries or groups extend their dominant bargaining veto power one particular area into other areas so as achieve maximum advantage from whole array interactions. The existence an additional...

In recent years there has been considerable interest in the concept of optimum rate ancitipated inflation-that which taxes holding cash balances such that marginal excess burden from inflation tax equals cost most efficient alternative method raising government revenue. (For discussion, and references to earlier literature by Bailey, Freidman others, see Tower (1971), Willett (1972) Barro (1972).) This related ideas have used not only as intellectual exercises but also basis suggestions...

Foreword / Axel Leijonhufvud xv Introduction and Summary Patricia Dillon Thomas D. Willett 1 Part One: The Political Economic Causes of the Great Stagflation 1. Explaining Stagflation: Toward a Economy Framework King Banaian 35 2. Inflation Politics: Six Theories in Search Reality William Mitchell 63 3. Models Process Their Implications for A Public Choice Perspective 100 Appendix: An Overview Business Cycles 116 4. Keynesian Legacy: Does Countercyclical Policy Pay Its Way? Mayer 129 5. Wage...

This paper provides a brief review of the increasing importance China in world economy and discusses spillover effects global financial crisis on China's markets macroeconomy. It presents critiques alternative ways estimating these effects. Contrary to much popular discussion, was hit fairly hard by recession generated crisis. suffered huge drop exports, were only partially offset stimulus program. While growth remained well above international averages, its same order magnitude as for...

This volume focuses on the crucial relationships between domestic and international economic developments their implications for monetary, fiscal, exchange rate policies. The includes Richard N.Cooper challenges to monetary system, Hali Edison Michael Melvin choice of an Gottfried Haberler European systems, Alan C.Stockman rates current account, Guido Tabellini export inflation tax; Thomas D.Willett Clas Wihlborg capital flows dollar. It is a companion Monetary Policy Changing Financial Environment.

Journal Article Interest Rate Policy and External Balance Get access Thomas D. Willett, Willett Harvard University Search for other works by this author on: Oxford Academic Google Scholar Francesco Forte of Turin The Quarterly Economics, Volume 83, Issue 2, May 1969, Pages 242–262, https://doi.org/10.2307/1883082 Published: 01 1969

As the twentieth century draws to a close, one can find sharply contrasting views among leading scholars on almost every key issue in positive international political economy. How strong are as opposed domestic influences policy? important issues of national security (”high politics”) versus economic considerations(”low politics”)? What role do institutions—international and domestic—play influencing constraining behavior governments? Why is cooperation rare but not unheard of? The list goes on.

Part 1 The public choice approach to international economic issues and organizations - theory: the political economy, Bruno Frey a organization, Roland Vaubel canons of analysis agreements, Rodney Smith from constitutional point view, B. Beat Gygi approaches study major paradigms in economics science, Patricia Dillon et al institutions market for information, Michele Fratianni John Pattison. 2 Applications: GATT as an discipline over trade restrictions approach, Michael J. Finger perspective...

Some have argued that the endogenous responses to formation of a currency area are so strong one need not worry about optimum conditions ex ante. We argue this is much too conclusion. draw on number recent studies evaluate endogeneity experiences eurozone in three major areas; trade flows, business cycle synchronisation and structural reforms improve labour product market flexibility. Simple before-and-after comparisons insufficient for analysis endogeneity. The non-euro Western European...