The Benefits of International Policy Coordination Revisited

WP/13/262

The Benefits of International Policy Coordination Revisited
This paper uses two of the IMF's DSGE models to simulate the benefits of international fiscal and macroprudential policy coordination. The key argument is that these two policies are similar in that, unlike monetary policy, they have long-run effects on the level of GDP that need to be traded off with short-run effects on the volatility of GDP.... READ MORE...

Publication date: December 2013
ISBN 9781484326626
$18.00

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Publication date: December 2013

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Publication date: December 2013

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