Contributors review the collapse of the Bretton Woods system of fixed exchange rates and the historic 1985 agreement by the Group of Five.

The author offers recommendations for improving developing country debt.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

Key economists for the government and for the Microsoft Corporation lay out their views on the key issues and then respond to the views presented by the opposing side.

Key economists for the government and for the Microsoft Corporation lay out their views on the key issues and then respond to the views presented by the opposing side.

The author offers recommendations for improving developing country debt.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

Contributors review the collapse of the Bretton Woods system of fixed exchange rates and the historic 1985 agreement by the Group of Five.