The Macroeconomic Mix and the World Economy

Abstract

The arguments and empirical evidence of earlier chapters have all been from the veiwpoint of an individual country (or, in the case of the simulations for the EEC as a whole, for a group of countries) in terms of the effects of alternative macroeconomic policies on the country adopting the policy. In this final chapter we set the analysis of the earlier chapters in the context of the world economy; asking whether there is reason to believe that an appropriate use of the macroeconomic policy instruments for solving the macroeconomic problems of individual countries will have adverse, or helpful, effects on the rest of the world, and on the world as a whole.