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Economic Interdependence and Macroeconomic Coordination

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  • Cayetano W. Paderanga, Jr.

    (School of Economics, University of the Philippines Diliman)

Abstract

In a world rapidly becoming more economically integrated the spill-over effects of policies and actions on other countries have become very substantial. The issue of how policies can be coordinated in order to minimize the negative externalities has arisen. This paper reviews the record of various form of policy coordination. It explores the various aspects of constrained decentralized policy making and various levels of policy coordination. The gains and costs are discussed and some suggestions for Philippine policy making are given.

Suggested Citation

  • Cayetano W. Paderanga, Jr., 1996. "Economic Interdependence and Macroeconomic Coordination," UP School of Economics Discussion Papers 199608, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:199608
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    Cited by:

    1. Aldaba, Fernando T., 2002. "Philippine Development: A Research Journey Through the Philippine Journal of Development," Philippine Journal of Development PJD 2002 Vol. XXIX No. 2-, Philippine Institute for Development Studies.

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