Chapters in this book

1. Frontmatter i
2. Contents ix
3. Preface xiii
4. I. Preliminaries
5. 1. Introduction and Summary 3
6. 2. The Postwar Institutional Evolution of the International Monetary System 14
7. 3. The International Data Base: An Introductory Overview 46
8. 4. The Timing of Monetary and Price Changes and the International Transmission of Inflation 58
9. II. The Mark III International Transmission Model
10. Introduction 83
11. 5. The Mark III International Transmission Model: Specification 85
12. 6. The Mark III International Transmission Model: Estimates 113
13. 7. International Transmission of Monetary and Fiscal Shocks under Pegged and Floating Exchange Rates: Simulation Experiments 162
14. 8. The Importance of Oil Price Changes in the 1970s World Inflation 232
15. 9. Actual versus Unanticipated Changes in Aggregate Demand Variables: A Sensitivity Analysis of the Real-Income Equation 273
16. III. Capital Flows, Sterilization, Monetary Policy, and Exchange Intervention
17. Introduction 289
18. 10. Sterilization and Monetary Control: Concepts, Issues, and a Reduced-Form Test 291
19. 11. Short-Run Independence of Monetary Policy under a Pegged Exchange-Rates System: An Econometric Approach 314
20. 12. Effects of Open Market Operations and Foreign Exchange Market Operations under Flexible Exchange Rates 349
21. 13. An Alternative Approach to International Capital Flows 380
22. IV. International Price Movements
23. Introduction 419
24. 14. International Price Behavior and the Demand for Money 421
25. 15. Movements in Purchasing Power Parity: The Short and Long Runs 462
26. 16. The United States as an Exogenous Source of World Inflation under the Bretton Woods System 478
27. V. Conclusions
28. 17. Conclusions on the International Transmission of Inflation 493
29. Data Appendix 525
30. Author Index 719
31. Subject Index 722