International Monetary Policy Coordination

Michael Carlberg ()
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Michael Carlberg: Helmut Schmidt University, Hamburg, Postal: Helmut Schmidt University, Department of Economics, Holstenhofweg 85, D-22043 Hamburg, Germany, Phone +49 40 6541 2775, Fax +49 40 6541 2043

No 39/2005, Working Paper from Helmut Schmidt University, Hamburg

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)
Pages: 36 pages
Date: 2005-03
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Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2005_039

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