In This Review

International Economic Policy Coordination
International Economic Policy Coordination
Edited by William H. Buiter and Richard C. Marston
Cambridge University Press, 1985, 386 pp

The National Bureau of Economic Research in the United States and the Centre for Economic Policy Research in London brought together a number of highly qualified economists to consider a central problem of international economic relations. Their sophisticated and sometimes innovative analyses throw light on some points but fall woefully short of coping with the complexities of the real world. Most of these papers are for specialists but others can benefit from the editors' introduction, Barry Eichengreen's historical paper, Ralph Bryant's comments on uncertainty, and a closing discussion by economists who have also been officials.