International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination

  • Mario Baldassarri
  • Luigi Paganetto
  • Edmund S. Phelps

Table of contents

  1. Front Matter
    Pages i-vii
  2. Introduction and Major Conclusions

    1. Edmund S. Phelps
      Pages 1-8
  3. Trade Balance Patterns as Global General Equilibrium: The Seventeenth Approach to the Balance of Payments

  4. Domestic Economic Policy and Trade Balance

  5. Interdependence between Areas and Balances of Payments

  6. Markets, Monetary and Fiscal Policy, Interdependence and International Coordination of Economic Policies

  7. Back Matter
    Pages 435-441

About this book


The subject of this book is the kind of economic interaction and interdependence that has arisen among nations in the contemporary world economy, the nature and significance of the pattern of trade balances that have resulted from them, and the question of what, if anything, should be done by national governments about that pattern. The need for international coordination of economic policies is also investigated.


economic policy equilibrium exchange rates fiscal policy general equilibrium Government income distribution interest rates

Editors and affiliations

  • Mario Baldassarri
    • 1
  • Luigi Paganetto
    • 2
  • Edmund S. Phelps
    • 3
  1. 1.University of Rome ‘La Sapienza’Italy
  2. 2.University of Rome, ‘Tor Vergata’Italy
  3. 3.Columbia UniversityNew YorkUSA

Bibliographic information

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