Gains from international monetary policy coordination: does it pay to be different?

DOI10.1016/J.JEDC.2007.08.004zbMath1181.91202OpenAlexW2137557228MaRDI QIDQ844704

Evi Pappa, Zheng Liu

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp514.pdf

zbMATH Keywords

optimal monetary policyasymmetric structuresinternational policy coordinationterms-of-trade bias

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66)

Related Items (4)

How important is fiscal policy cooperation in a currency union? ⋮ Sticky wages and sectoral labor comovement ⋮ Fiscal policy and macroeconomic stabilizations: what are the gains from cooperation? ⋮ SHOULD THE CENTRAL BANK BE CONCERNED ABOUT HOUSING PRICES?

Cites Work

• Welfare and Macroeconomic Interdependence
• Price Stability in Open Economies
• Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
• Global Implications of Self-Oriented National Monetary Rules
• The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
• Technology, Geography, and Trade
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy

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