International economic policy coordination

Description

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 ...;The World of Two Monetary Regions: Basic Models.- The World of Two Monetary Regions: Intermediate Models.- The World of Two Monetary Regions: Advanced Models.- The World of Three Monetary Regions.- The World of N Monetary Regions. -- Rational Policy Expectations. The World of Two Monetary Regions: Basic Models.- The World of Two Monetary Regions: Intermediate Models.- The World of Two Monetary Regions: Advanced Models.- The World of Three Monetary Regions.- The World of N Monetary Regions. -- Rational Policy Expectations.