Home

Macroeconomic Interdependence of Japan and the United States: Some Simulation Results

Naoko Ishii; Warwick J. McKibbin; Jeffrey D. Sachs

Title:
Macroeconomic Interdependence of Japan and the United States: Some Simulation Results
Author(s):
Ishii, Naoko
McKibbin, Warwick J.
Sachs, Jeffrey D.
Date:
Type:
Working papers
Department:
Earth Institute
Permanent URL:
Part Number:
1637
Abstract:
In this paper we examine the macroeconomic interdependence of Japan and the U.S. using a medium-scale simulation model of the world economy. Our goal is to determine how shifts in macroeconomic policies in the U.S. or Japan affect the other country as well as the rest of the world. In particular we examine the following three issues: (1) the likely macroeconomic ramifications for the U.S., Europe and Japan of significant budget cuts in the U.S.; (2) the macroeconomic implications of a protectionist tariff imposed by the U.S.; and (3) the scope for policy coordination among the U.S., Japan and Europe.
Subject(s):
Economics
Item views:
156
Metadata:
text | xml

In Partnership with the Center for Digital Research and Scholarship at Columbia University Libraries/Information Services | Terms of Use