EconPapers    
Economics at your fingertips  
 

Competitive monetary easing: is it yesterday once more?

Raghuram Rajan

Macroeconomics and Finance in Emerging Market Economies, 2015, vol. 8, issue 1-2, 5-16

Abstract: Given weak post-crisis aggregate demand both advanced economies and emerging economies engage in competitive monetary easing, creating financial risks. To ensure stable and sustainable growth, the international rules of the game need to be revisited. Since internalizing spillovers to other countries may be difficult, large central banks could reinterpret their domestic mandate to take into account other country reactions over time (and not just the immediate feedback effects) and thus become more sensitive to spillovers. This weak 'coordination' could be supplemented with improvement of global safety nets.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/17520843.2014.992451 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:macfem:v:8:y:2015:i:1-2:p:5-16

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REME20

DOI: 10.1080/17520843.2014.992451

Access Statistics for this article

Macroeconomics and Finance in Emerging Market Economies is currently edited by Subrata Sarkar and Ashima Goyal

More articles in Macroeconomics and Finance in Emerging Market Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2022-08-13
Handle: RePEc:taf:macfem:v:8:y:2015:i:1-2:p:5-16