Titlebook: External Imbalances and Policy Constraints in the 1990s; Papers of the Fiftee Chris Milner (Professor of Economics),Nick Snowden Book 1992

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The Role of Current Account Targets in the Estimation of FEERs,), so as to provide a basis for macroeconomic management (Williamson, 1983). Since then my work in this area has advanced in two directions. One strand, in which I collaborated with Marcus Miller, involved elaboration of a set of principles for comprehensive co-ordination of macroeconomic policies a

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,ERM and EMU — Survival, Costs and Prospects,K. There is an intergovernmental conference in progress whose aim is to find an agreed way forward, possibly towards Monetary Union (EMU). But what are the costs and benefits in macroeconomic stability of these arrangements, actual and potential?

ASSAY

The Balance of Payments and Economic Policy in Britain,or preoccupation of policy makers, who were often obliged to give it priority over their objectives for internal balance. Then, from the mid-1970s until the late 1980s, there was a period of respite when the current account was in large surplus. In these years the value of North Sea Oil production r

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Trade Performance and Innovatory Activity in Britain,s in industrial structure for past and future employment in the UK. The main objective of the present chapter is to provide a critical review of the existing literature on the determinants of competitiveness and the link to innovative performance. The framework for the research and a major tool of a

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Cross-border Savings Flows and Capital Mobility in the G7 Economies,To what extent should this be a cause for concern? First, there is the question of the ease of financing deficits, and secondly, even if the imbalances can be easily financed, there is the issue of whether the financing itself contributes to a stable and gradual adjustment process or whether it aggr

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