02026cas a2200241 a 4500 AALejournalIMF010585 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451947120 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 9 No. 2. Washington, D.C. : International Monetary Fund, 1962. 1 online resource (154 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides an analysis of attempts at international coordination of national policies leads to the conclusion that true international action that has a good chance to succeed for specific measures, such as changes in exchange rates, customs tariffs, and perhaps discount rates. There is, on the other hand, little reason to assume that the desire prevalent in all countries for full employment, stable prices, and growth could be supported to any important degree by the acceptance of international obligations. The targets of economic policy as they have been put forward for our discussion appear simple and noncontroversial: reasonable price stability, full employment and an adequate rate of growth, and balance of payments equilibrium. If in any country the relationship between wages and employment is such that at full employment wages increase more rapidly than is compatible with price stability, then obviously the price and employment objectives of that country are not compatible. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1962/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1962/002/024.1962.issue-002-en.xml IMF e-Library