International Aspects and Conclusions
James Perkins
Chapter 7 in The Macroeconomic Mix to Stop Stagflation, 1979, pp 153-177 from Palgrave Macmillan
Abstract:
Abstract The previous chapter considered the appropriate principles for the macroeconomic policy mix in a single open economy that was not large enough for it to be justifiable (in its own narrow interests) for it to take account of the effects of its actions on the rest of the world. But, in fact, the policies of each individual country have important effects on the economies of the rest of the world, even when those effects are not so large as to react back on the original government in a clearly discernible way. The success of the world economy in overcoming unemployment and inflation therefore depends on the decisions of all its individual governments. The world community thus has an interest in placing some degree of pressure upon individual countries to take into account the effects of their policies upon the rest of the world.
Keywords: Monetary Policy; Money Supply; Government Spending; Full Employment; Deficit Country (search for similar items in EconPapers)
Date: 1979
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16039-6_7
Ordering information: This item can be ordered from
http://www.palgrave.com/9781349160396
DOI: 10.1007/978-1-349-16039-6_7
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().