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Economic Activity, Trade, and Industry in the U.S.--Japan-World Economy - A Macro Model Study of Economic Interactions (Hardcover, New)
Loot Price: R2,764
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Economic Activity, Trade, and Industry in the U.S.--Japan-World Economy - A Macro Model Study of Economic Interactions (Hardcover, New)
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This study quantifies the relationships between the economies of
the Unites States and Japan on an industrially disaggregated basis.
It links two large-scale econometric models of the U.S. and Japan
in the framework of the world model system (Project LINK). These
models are useful not only for forecasts and aggregate policy
studies, but also for detailed investigation of industrial changes
and trade policy on sectoral output employment, trade balance, and
inflation in both countries. The interactions with other parts of
the world are also taken into account. Applications to policy
changes and exchange rate variations illustrate the potential of
the model system and provide a powerful insight into the operation
of two closely integrated economies. A pioneering effort to link
quantitatively the relationships between the economies of the
United States and Japan, this volume will be of interest to
economists and policymakers here and abroad.
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