TY  - JOUR
AU  - Ishii,Naoko
AU  - McKibbin,Warwick J.
AU  - Sachs,Jeffrey
TI  - Macroeconomic Interdependence of Japan and the United States:  Some Simulation Results
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1637
PY  - 1985
Y2  - June 1985
DO  - 10.3386/w1637
UR  - http://www.nber.org/papers/w1637
L1  - http://www.nber.org/papers/w1637.pdf
N1  - Author contact info:
Naoko Ishii
E-Mail: nishii@am.catv.ne.jp

Warwick McKibbin
3 Grey Street
Deakin ACT 2600 AUSTRALIA
E-Mail: wmckibbin@msgpl.com.au

Jeffrey D. Sachs
Center for Sustainable Development, The Earth Inst
Columbia University
535 West 116th Street, MC 4327
New York, NY  10027
Tel: 212/854-8704
Fax: 212/854-8702
E-Mail: sachs@columbia.edu
AB  - 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 affectthe 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.
ER  -