International Monetary Policy Coordination

Michael Carlberg

No 41, University of Göttingen Working Papers in Economics from University of Goettingen, Department of Economics

Abstract: This paper studies the international coordination of monetary 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 competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary cooperation between Europe and America. The spillover effects of monetary policy are negative. The policy targets are price stability and full employment.

Keywords: European Monetary Union; International Policy Coordination; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E52 F33 F41 F42 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:41

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