Macroeconomic Policy and Economic Interdependence

  • Donald R. Hodgman
  • Geoffrey E. Wood

Part of the Studies in Banking and International Finance book series (SBIF)

Table of contents

  1. Front Matter
    Pages i-xx
  2. Country Studies

    1. Front Matter
      Pages 1-1
    2. Donald R. Hodgman, Robert W. Resek
      Pages 62-86
    3. Forrest Capie, Mahmood Pradhan, Geoffrey E. Wood
      Pages 109-138
  3. Macroeconomic Policy Interdependence

    1. Front Matter
      Pages 139-139
    2. James M. Boughton, Richard D. Haas, Paul R. Masson
      Pages 180-213
  4. International

  5. Back Matter
    Pages 327-331

About this book


The contributors examine the conduct and consequences of national macroeconomic policy in a world of economically independent countries. The book's main themes include the effect of deregulation and financial innovation and of budget deficits on monetary policy, the role of exchange rates in the international transmission of disturbances of a monetary or fiscal origin, the effectiveness of price controls in moderating the economic cost of deflationary maroeconomic policies and the implications of cooperative versus non-cooperative approaches to policy under conditions of economic interdependence.


Deflation economic policy interest rates macroeconomics monetary policy

Editors and affiliations

  • Donald R. Hodgman
    • 1
  • Geoffrey E. Wood
    • 2
  1. 1.University of IllinoisUnited States
  2. 2.The City UniversityLondonUnited Kingdom

Bibliographic information

Industry Sectors
Finance, Business & Banking