Macroeconomic Interdependence of Japan and the United States: Some Simulation Results / Naoko Ishii, Warwick J. McKibbin, Jeffrey Sachs.

Format:

Book

Author/Creator:

Ishii, Naoko.

Contributor:

National Bureau of Economic Research.

McKibbin, Warwick J.

Sachs, Jeffrey.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1637.

NBER working paper series no. w1637

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Macroeconomic Interdependence of Japan and the United States

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Summary:

In this paper we examine the macroeconomic interdependence of Japan and the U.S. using a medium-scale simulation model of the world economy. Our goal is to determine how shifts in macroeconomic policies in the U.S. or Japan affectthe other country as well as the rest of the world. In particular we examine the following three issues: (1) the likely macroeconomic ramifications for the U.S., Europe and Japan of significant budget cuts in the U.S.; (2) the macroeconomic implications of a protectionist tariff imposed by the U.S.; and (3) the scope for policy coordination among the U.S., Japan and Europe.

Notes:

Print version record

June 1985.