North–South Linkages and International Macroeconomic Policy

by David Vines , David Currie

• ISBN13: 9780521142649
• ISBN10: 0521142644
• Edition: 1st
• Format: Paperback
• Copyright: 2010-06-10
• Publisher: Cambridge University Press

Summary

Researchers have begun to apply economic techniques initially developed to analyse the industrialised countries to analyse North-South interactions in the world economy. This volume, derived from a CEPR conference, brings together theoretical and empirical papers on fiscal, monetary and trade linkages between the North and South. The papers use the advances in the use of the major macroeconomic models to simulate global and inter-regional interactions, and to analyse the implications for the South of macroeconomic developments in the North. They also examine international policy questions in a genuinely global context, and consider the design of policy packages for the Third World (aid versus trade, growth-oriented adjustment) in an empirical context. This volume provides a useful overview of the flourishing research area relating to interactions between North and South, and highlights areas where future research is needed.

Table of Contents

List of figures

List of tables

Preface

List of conference participants

North-South linkages and international macroeconomic policy: an overview

Trade Linkages: The Elasticities Debate:

NIE export performance revisited: the estimation of export demand elasticities, and the role of product differentiation and growth Vito

Export growth and the terms of trade: the case of the curious elasticities

Trade Linkages: Commodities:

Economic activity and commodity prices: theory and evidence

Discussion Vito

Convergence and Growth Linkages:

Convergence and growth linkages between North and South

Discussion

Open Economy Macro and Adjustment in the South:

Analysing external adjustment in developing counties: a macroeconomic framework vChris Allen

Dynamic response to external shocks in Classical and Keynesian economies

Discussion

Global Scenarios:

Macroeconomic effects on developing countries of shocks in the OECD: evidence from multicountry models

Macroeconomic linkages between the OECD and the Asia-Pacific region

MULTIMOD simulations of the effects on developing countries of decreasing military spending

Effects of a rise in G-7 real interest rates on developing countries

Quantifying North-South interdependencies with MCM simulation

Discussion Beatriz

The consequences of US fiscal actions in a global model with alternative assumptions about the exchange regime in developing countries

Index

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