Policy Coordination in East Asia and across the Pacific

Koichiro Kamada and Izumi Takagawa
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Izumi Takagawa: Bank of Japan

No 05-E-4, Bank of Japan Working Paper Series from Bank of Japan

Abstract: This paper constructs an econometric model that describes the relationships in the Asia-Pacific region and gives quantitative insights into the recent policy debates on policy coordination among the East Asian economies. The model includes various monetary and currency policy rules that the actual East Asian economies adopt and creates an environment where one country's policymaking has economic impacts on its neighbors. We apply the model to three current policy issues: (i) the desirability of currency basket pegs in East Asia, (ii) the anticipated effects of China's currency reform, and (iii) the non-negativity constraint on the Japanese nominal interest rates.

Date: 2005-03
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Citations: View citations in EconPapers (40)

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Related works:
Journal Article: Policy coordination in East Asia and across the Pacific (2005)
Working Paper: Policy Coordination in East Asia and across the Pacific (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:boj:bojwps:05-e-4

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