Unkept Promises, Unclear Consequences: Us Economic Policy and the Japanese Response

ISBN-13: 9780521352017 / Angielski / Twarda / 1989 / 212 str.

John A. Rizzo; Ryuzo Sato

Opis

This book examines the role of United States macroeconomic policy in the large and growing trade imbalance between Japan and the United States. To a substantial extent, it traces the causes of the current dilemma to failed U.S. macroeconomic policies. However, a careful examination of Japan's role in the bilateral trade imbalance reveals that Japan has exacerbated the problem in a variety of ways. Policy analyses, as well as econometric forecasts of the U.S. macroeconomy, are included.

Spis treści

Preface; List of contributors; 1. Introduction Ryuzo Sato and John A. Rizzo; Part I. Reaganomic Repercussions: 2. The good, the bad, and the unexpected: lessons from American economic policy Barry P. Bosworth; 3. Macroeconomic policy during the Reagan years: 1981–1985 Herbert Stein; 4. Repercussions of grand experiments in US economic policy Roger E. Brinner; Part II. Is there Life Beyond the Trade Imbalance?: 5. US economic prospects and policy options: impact on Japan-US relations Paul A. Samuelson; 6. Major microeconomic adjustments ahead Lester C. Thurow; Part III. Japan's Response: 7. The US-Japan trade imbalance: causes and consequences from the Japanese perspective Ryuzo Sato and John A. Rizzo; Index.