AbstractThis article explains the part that Meade played in the creation of Keynes`s General Theory, describes his work with Keynes during the Second World War in the creation of the IMF and the GATT, and summarizes the ideas in The Theory of International Economic Policy for which Meade was awarded the Nobel Prize in 1977. It also sets out the role that Meade played in the construction of the inflation-targeting regime which became the centrepiece of British macroeconomic policymaking in the 1990s.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 330.
Date of creation: 01 Jun 2007
Date of revision:
Balance of Payments; Inflation Targeting; Heckscher-Ohlin Trade Theory; International Monetary Fund; World Trade Organisation;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-18 (All new papers)
- NEP-HIS-2007-06-18 (Business, Economic & Financial History)
- NEP-HPE-2007-06-18 (History & Philosophy of Economics)
- NEP-INT-2007-06-18 (International Trade)
- NEP-MAC-2007-06-18 (Macroeconomics)
- NEP-PKE-2007-06-18 (Post Keynesian Economics)
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- McCallum, Bennett T & Nelson, Edward, 2000.
"Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices,"
Oxford Review of Economic Policy,
Oxford University Press, vol. 16(4), pages 74-91, Winter.
- Ryo Kato, 2001. "Matlab code for the McCallum/Nelson model," QM&RBC Codes 111, Quantitative Macroeconomics & Real Business Cycles.
- Bennett T McCallum & Edward Nelson, 2001. "Monetary Policy for an Open Economy: An Alternative Framework with Optimising Agents and Sticky Prices," Discussion Papers 05, Monetary Policy Committee Unit, Bank of England.
- McCallum, Bennett T & Nelson, Edward, 2001. "Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices," CEPR Discussion Papers 2756, C.E.P.R. Discussion Papers.
- Bennett T. McCallum & Edward Nelson, 2001. "Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices," NBER Working Papers 8175, National Bureau of Economic Research, Inc.
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