Long-Run Effects of Short-Run Stabilization Policy

Front Matter....Pages i-ix
Long-run Effects of Short-run Stabilization Policy—An Introduction....Pages 1-14
The Current Account in the Macroeconomic Adjustment Process....Pages 15-27
Comment on J. D. Sachs, “The Current Account in the Macroeconomic Adjustment Process”....Pages 29-32
Global Effects of National Stabilization Policies under Fixed and Floating Exchange Rates....Pages 33-60
Comment on T. Persson, “Global Effects of National Stabilization Policies under Fixed and Floating Exchange Rates”....Pages 61-65
Adjustment and Structural Change under Supply Shocks....Pages 67-89
Comment on M. Bruno, “Adjustment and Structural Change under Supply Shocks”....Pages 91-95
Sectoral Shocks in a Dependent Economy: Long-run Adjustment and Short-run Accommodation....Pages 97-121
Comment on J. P. Neary and D. D. Purvis, “Sectoral Shocks in a Dependent Economy: Long-run Adjustment and Short-run Accomodation”....Pages 123-125
Stabilization, Allocation and the 1970s Oil Price Shocks....Pages 127-156
Comment on J. F. Helliwell, P. M. Boothe and R. N. McRae, “Stabilization, Allocation and the 1970s Oil Price Shocks”....Pages 157-160
Inflation, Tax Rules and the Accumulation of Residential and Nonresidential Capital....Pages 161-179
Comment on M. Feldstein, “Inflation, Tax Rules and the Accumulation of Residential and Nonresidential Capital”....Pages 181-183
Profitability and Growth....Pages 185-207
Comment on P. J. K. Kouri, “Profitability and Growth”....Pages 209-212
Employment Policies, Wage Formation and Trade Union Behavior in a Small Open Economy....Pages 213-241
Comment on L. Calmfors, “Employment Policies, Wage Formation and Trade Union Behavior in a Small Open Economy”....Pages 243-246
General Discussion: What Have We Learned?....Pages 247-269