International Coordination of Economic Policies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Coordination of Economic Policies write by International Monetary Fund. This book was released on 1988-06-29. International Coordination of Economic Policies available in PDF, EPUB and Kindle. This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-Indicator systems, and hegemonic versus symmetric systems. Finally, using the MULTIMOD global macroeconomic model, some simulations are presented of several rule-based proposals for coordination.
International Policy Coordination and Exchange Rate Fluctuations
International Policy Coordination and Exchange Rate Fluctuations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Policy Coordination and Exchange Rate Fluctuations write by William H. Branson. This book was released on 2007-12-01. International Policy Coordination and Exchange Rate Fluctuations available in PDF, EPUB and Kindle. Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
How Much Could the International Coordination of Economic Policies Achieve?, an Example from US-ECC Policy Making
How Much Could the International Coordination of Economic Policies Achieve?, an Example from US-ECC Policy Making - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How Much Could the International Coordination of Economic Policies Achieve?, an Example from US-ECC Policy Making write by Centre for Economic Policy Research (Gran Bretanya). This book was released on 1985. How Much Could the International Coordination of Economic Policies Achieve?, an Example from US-ECC Policy Making available in PDF, EPUB and Kindle.
International Economic Policy Coordination
International Economic Policy Coordination - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Economic Policy Coordination write by Michael Carlberg. This book was released on 2005-03-04. International Economic Policy Coordination available in PDF, EPUB and Kindle. This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary and fiscal competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary and fiscal cooperation between Europe and America. The spillover effects of monetary policy are negative while the spillover effects of fiscal policy are positive. The policy targets are price stability and full employment. The policy makers follow either cold-turkey or gradualist strategies. Policy expectations are adaptive or rational. The world economy consists of two, three or more regions. The present book is part of a larger research project on European Monetary Union, see the references at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the International Institute of Public Finance, at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Gottingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, and at the Passau Workshop on International Economics.
International Coordination of Economic Policies
International Coordination of Economic Policies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Coordination of Economic Policies write by Jacob A. Frenkel. This book was released on 1988. International Coordination of Economic Policies available in PDF, EPUB and Kindle. This paper discusses the scope, methods, the effects of international coordination of economic policies. In addressing the scope for and of coordination, the analysis covers the rationale for coordination, barriers to coordination, the range and specificity of policies to be coordinated, the frequency of coordination, and the size of the coordinating group. Turning to the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-indicator approaches, and hegemonic versus more symmetric systems. In an attempt to shed some light on the effects of alternative rule- based proposals for coordination, we present some simulations of a global macroeconomic model (MULTIMQD) developed in the International Monetary Fund. The simulations considered range from 'smoothing rules for monetary and fiscal policy that imply only minimal international coordination, to more activist "target-zone" proposals that place greater restrictions on national authorities in the conduct of monetary and/or fiscal policies. The simulation results are compared to the actual evolution of the world economy over the 1974-87 period. Our findings suggest that simple mechanistic rule-based proposals are unlikely to lead to improved performance
