This paper examines the extent to which the evolution of monetary policy frameworks and actual policy decisions in the United States and Japan contributed to the differences in macroeconomic performance of the two countries in the 1980s and 1990s. It considers the extent to which monetary policy...

This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and discuss issues relevant to strengthening their surveillance...

The macroeconomic implications the Single Market is likely to have for the rest of the world, in particular the United States and Japan, are considered in this essay. Trade diversion will be an unavoidable result of Europe 1992 but that the patterns of the EC's external trade and financial flows...

Financial liberalization, which had started progressively in Japan during the 1970s, accelerated in the 1980s. The move towards greater freedom in financial transactions and the increased scope for the working of market forces have had, and are likely to have, significant implications for the...

This article examines the impacts of the European Single Market on the economic and financial relationships between Europe, the United States and Japan. It argues that the external effects of the European Single Market will crucially depend on the magnitude of the EC's domestic growth bonus...