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

DOI10.1016/J.JEDC.2007.08.004zbMATH Open1181.91202OpenAlexW2137557228MaRDI QIDQ844704FDOQ844704

Authors: Zheng Liu, Evi Pappa 

Publication date: 19 January 2010

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

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

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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)

Cites Work

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

Cited In (7)

• Monetary and macroprudential policy coordination with biased preferences
• Sticky wages and sectoral labor comovement
• Global Implications of Self-Oriented National Monetary Rules
• Implications of exchange rate pass-through and nontradable goods for international policy cooperation
• How important is fiscal policy cooperation in a currency union?
• Fiscal policy and macroeconomic stabilizations: what are the gains from cooperation?
• Should the central bank be concerned about housing prices?

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