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[Download] "International Monetary Policy Coordination Under Asymmetric Shocks." by International Advances in Economic Research ~ eBook PDF Kindle ePub Free

International Monetary Policy Coordination Under Asymmetric Shocks.

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eBook details

  • Title: International Monetary Policy Coordination Under Asymmetric Shocks.
  • Author : International Advances in Economic Research
  • Release Date : January 01, 2004
  • Genre: Business & Personal Finance,Books,
  • Pages : * pages
  • Size : 271 KB

Description

Abstract This paper analyzes whether international monetary policy coordination is the best response to economic interdependence. The paper develops a macroeconomic model in which countries show different preferences regarding objectives when faced with asymmetric disturbances and analyzes in strategic terms how monetary policy can deal with real, monetary, and supply-side shocks. It further shows how the desirability of monetary policy coordination depends on the presence of asymmetric shocks and also on the nature of disturbances, the channel of transmission, and the asymmetry of preferences. Finally, the paper derives the conditions under which monetary policy coordination proves to be desirable. (JEL E52, E61, F42)


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