6 articles in this issue
D. PATINKIN
Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question. The author then examines the Genera... see more
L. IZZO,L. SPAVENTA
The work looks at the rise in the price of crude oil, elucidating some economic implications of the issues which a large number of economies will have to face in the near future. The authors first consider the primary impact of the rise in the price of cr... see more
V. ARGY
In formulating and implementing their monetary policies, central banks generally aim at bringing about changes in certain financial variables as a first step in their efforts to influence the ultimate targets of policy. The present work surveys the financ... see more
I. WALTER
The present work deals with problems of commercial regionalism with regard to the “non associable” Commonwealth developing countries. More specifically, it looks at whether differential market-access via preferential tariffs is really very important in de... see more
V. TANZI
Bringing about a distribution of income that reflects the prevailing views of society has been one of the traditional objectives of public economic policy. There are obviously many alternative ways in which the government of a country can bring about a mo... see more
P. ISARD,E.M. TRUMAN
In a recent article, John Williamson advocated a monetary reform package that includes both a development assistance link and a competitive interest rate on SDRs. The present note considers explicitly the manner in which the net transfer of resources for ... see more