The world economy [August 1987]

Brian Ashcroft; Stephen Boyle; Paul Draper; Frank Harrigan; John Heeley; Iain Jenkins; Cliff Lockyer; Jim H Love; Peter McGregor; Iain McNicolI; Roger Perman; David Simpson; Jim Stevens; Jim Walker; Brian Ashcroft

The world economy [August 1987]

Brian Ashcroft, Stephen Boyle, Paul Draper, Frank Harrigan, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, Roger Perman, David Simpson, Jim Stevens, Jim Walker, Brian Ashcroft (Editor)

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Abstract

Performance in the world economy continues to be governed by the depressing effects of a major currency realignment following the significant depreciation of the US dollar against the Yen and the D-mark since early 1985. In Japan and particularly West Germany, domestic demand is not yet rising at a rate sufficient to compensate for declining foreign demand. The deflationary effects of the currency realignment have therefore tended to offset the anticipated beneficial effects on world economic growth in 1987 of the fall in oil prices in the previous year.

Original language	English
Pages (from-to)	3-6
Number of pages	4
Journal	Quarterly Economic Commentary
Volume	13
Issue number	1
Publication status	Published - 1 Aug 1987

Keywords

Fraser of Allander Institute
Scottish economy
world economic outlook

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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FEC_13_1_1987_World_EconomyFinal published version, 96.4 KB

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title = "The world economy [August 1987]",

abstract = "Performance in the world economy continues to be governed by the depressing effects of a major currency realignment following the significant depreciation of the US dollar against the Yen and the D-mark since early 1985. In Japan and particularly West Germany, domestic demand is not yet rising at a rate sufficient to compensate for declining foreign demand. The deflationary effects of the currency realignment have therefore tended to offset the anticipated beneficial effects on world economic growth in 1987 of the fall in oil prices in the previous year.",

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AU - Ashcroft, Brian

AU - Boyle, Stephen

AU - Draper, Paul

AU - Harrigan, Frank

AU - Heeley, John

AU - Jenkins, Iain

AU - Lockyer, Cliff

AU - Love, Jim H

AU - McGregor, Peter

AU - McNicolI, Iain

AU - Perman, Roger

AU - Simpson, David

AU - Stevens, Jim

AU - Walker, Jim

A2 - Ashcroft, Brian

PY - 1987/8/1

Y1 - 1987/8/1

N2 - Performance in the world economy continues to be governed by the depressing effects of a major currency realignment following the significant depreciation of the US dollar against the Yen and the D-mark since early 1985. In Japan and particularly West Germany, domestic demand is not yet rising at a rate sufficient to compensate for declining foreign demand. The deflationary effects of the currency realignment have therefore tended to offset the anticipated beneficial effects on world economic growth in 1987 of the fall in oil prices in the previous year.

AB - Performance in the world economy continues to be governed by the depressing effects of a major currency realignment following the significant depreciation of the US dollar against the Yen and the D-mark since early 1985. In Japan and particularly West Germany, domestic demand is not yet rising at a rate sufficient to compensate for declining foreign demand. The deflationary effects of the currency realignment have therefore tended to offset the anticipated beneficial effects on world economic growth in 1987 of the fall in oil prices in the previous year.

KW - Fraser of Allander Institute

KW - Scottish economy

KW - world economic outlook

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

VL - 13

SP - 3

EP - 6

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 1

ER -

The world economy [August 1987]

Abstract

Keywords

UN SDGs

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