Research Catalog

Macroeconomic Policies New Issues of Interdependence

Title
Macroeconomic Policies [electronic resource]: New Issues of Interdependence / Helmut Reisen, Martin Grandes and Nicolas Pinaud
Author
Reisen, Helmut.
Publication
Paris : OECD Publishing, 2005.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors
  • Grandes, Martin.
  • Pinaud, Nicolas.
Description
40 p.; 21 x 29.7cm.
Summary
Three novel macroeconomic policy challenges are discussed in this paper: the macroeconomic implications of China's emergence; the implications of intensifying financial integration; and the interaction of Asia's foreign exchange regime with monetary policy in the OECD area.First, China may now be regarded as a price maker on some international commodity and energy markets. Its global impact nowadays stretches importantly not just into goods and commodity markets, but equally into world financial markets. The acquisition by the Chinese official sector of large amounts of foreign assets has raised the country's global cyclical, financial and macroeconomic importance. Hence, China should not just be perceived as a producer of low-priced goods, but likewise of "cheap savings". China as a swing exporter/importer could destabilise commodity markets, with important repercussions for developing countries. Variations in China's output gap will have important repercussions on key global ...
Series Statement
OECD Development Centre Working Papers, 1815-1949 ; no.241
Uniform Title
OECD Development Centre Working Papers, no.241.
Subject
Development
LCCN
10.1787/546417808871
OCLC
oecd-lib-004899
Author
Reisen, Helmut.
Title
Macroeconomic Policies [electronic resource]: New Issues of Interdependence / Helmut Reisen, Martin Grandes and Nicolas Pinaud
Imprint
Paris : OECD Publishing, 2005.
Series
OECD Development Centre Working Papers, 1815-1949 ; no.241
OECD Development Centre Working Papers, 1815-1949 ; no.241.
Connect to:
http://dx.doi.org/10.1787/546417808871
Indexed Term
Development
Added Author
Grandes, Martin.
Pinaud, Nicolas.
Other Standard Identifier
10.1787/546417808871 doi
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