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Mckibbin and sachs address a range of issues involving macroeconomic imbalances in the world economy through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. Introduction 2 the theory of macroeconomic interdependence 3 a dynamic general equilibrium model of the world economy 4 international transmission of shocks and policy changes 5 explaining the world economy in the 1980s 6 alternative policies to correct global trade imbalances 7. Global linkages macroeconomic interdependence and cooperation in the world economy warwick j mckibbin jeffrey d sachs on amazoncom free shipping on qualifying offers with the rapid deterioration of the us trade balance in the 1980s the united states was forced to finance deficits by borrowing heavily from the rest of the world. Global linkages macroeconomic interdependence and cooperation in the world economy ebook written by warwick j mckibbin jeffrey d sachs read this book using google play books app on your pc android ios devices
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