Comment on ‘Monetary Policy Co-ordination in an Asymmetrical World: Future Prospects for the USA and Europe’ by Elias Karakitsos

Hans-Eckart Scharrer

A chapter in Monetary Theory and Monetary Policy, 1993, pp 323-326 from Palgrave Macmillan

Abstract: Abstract Elias Karakitsos has written a rich and stimulating chapter which in view of many of the properties underlying his model — among them the non-linearity, the representation of Europe by four countries (Germany, France, UK and Italy) rather than by one country only and the five-years time horizon — helps to improve our knowledge about the gains from macroeconomic policy co-ordination and their international distribution.

Keywords: Exchange Rate; Interest Rate; Welfare Gain; Welfare Cost; International Distribution (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23096-9_21

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DOI: 10.1007/978-1-349-23096-9_21

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