F. GERARD ADAMS is Professor of Economics and Finance and Director of the Economic Research Unit at the University of Pennsylvania.BYRON GANGNES is Assistant Professor of Economics at the University of Hawaii at Manoa.SHUNTARO SHISHIDO is President of the International University of Japan.

• Introduction Structure of the U.S. and Japanese Models Trade Linkages of the U.S. and Japan Models in the LINK System Interdependence in the U.S.-Japan-World Economy Exchange Rate Changes in the U.S.-Japan Model System Policy Simulations of the US-Japan Model System Concluding Remarks and Directions for Further Research Notes Bibliography Index

F. GERARD ADAMS is Professor of Economics and Finance and Director of the Economic Research Unit at the University of Pennsylvania.BYRON GANGNES is Assistant Professor of Economics at the University of Hawaii at Manoa.SHUNTARO SHISHIDO is President of the International University of Japan.

• Introduction Structure of the U.S. and Japanese Models Trade Linkages of the U.S. and Japan Models in the LINK System Interdependence in the U.S.-Japan-World Economy Exchange Rate Changes in the U.S.-Japan Model System Policy Simulations of the US-Japan Model System Concluding Remarks and Directions for Further Research Notes Bibliography Index

F. GERARD ADAMS is Professor of Economics and Finance and Director of the Economic Research Unit at the University of Pennsylvania.BYRON GANGNES is Assistant Professor of Economics at the University of Hawaii at Manoa.SHUNTARO SHISHIDO is President of the International University of Japan.

• Introduction Structure of the U.S. and Japanese Models Trade Linkages of the U.S. and Japan Models in the LINK System Interdependence in the U.S.-Japan-World Economy Exchange Rate Changes in the U.S.-Japan Model System Policy Simulations of the US-Japan Model System Concluding Remarks and Directions for Further Research Notes Bibliography Index