Monetary Policy in an Interdependent World

Paul Grauwe, Michele Fratianni and Mustapha K. Nabli
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Paul Grauwe: Catholic University of Leuven
Mustapha K. Nabli: University of Tunis

Chapter 9 in Exchange Rates, Money and Output, 1985, pp 173-191 from Palgrave Macmillan

Abstract: Abstract The unifying theme of this chapter is economic interdependence among the industrialised countries and its implications for monetary policies. In Sections I to III we analyse changes in the nature of economic interdependence from the 1960s to the 1970s and offer some explanations for these changes. In doing so, we draw upon the framework of analysis developed in the previous chapters of the book. In Sections IV and V we study the transmission abroad of policy shocks originating in the United States in recent history.

Keywords: Exchange Rate; Monetary Policy; Real Interest Rate; Aggregate Demand; Exchange Rate Regime (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17699-1_9

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DOI: 10.1007/978-1-349-17699-1_9

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