Has the Adjustment Process Worked? |
Contents
Fred Bergsten page vii | 1 |
CHALLENGES TO THE MAINSTREAM VIEW page | 13 |
POLICY IMPLICATIONS OF ALTERNATIVE | 23 |
Copyright | |
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Common terms and phrases
argued assert balance of payments behavior Bryant capital Cline conventional wisdom core inflation currency depreciation current account deficit decline devaluation dollar depreciation domestic Dornbusch effect empirical equilibrium estimates exchange rate adjustment exchange rate changes exchange rate flexibility expected export prices financing fixed exchange rates fixed rates foreign Fred Bergsten Gary Clyde Hufbauer German Godley hard landing IIE conference income elasticity inflation Institute for International international adjustment process ISBN cloth ISBN paper Japan Japanese Jeffrey John Williamson Krugman Kuttner lags Lawrence macroeconomic McKinnon median monetary policy Mundell nontraded optimum currency areas output payments adjustment percent percentage of GNP Peter Hooper pricing to market problem real depreciation real exchange rate reduce relative prices response of trade rise Robert Z secular secularists shmooist view standard view structuralist tariffs trade adjustment trade balance trade deficit trade flows trade policy trend United view of international World Economy