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| Autor/inn/en | Poutineau, Jean-Christophe; Vermandel, Gauthier |
|---|---|
| Titel | International Monetary Policy Coordination in a New Keynesian Model with NICE Features |
| Quelle | In: Journal of Economic Education, 49 (2018) 2, S.151-166 (16 Seiten)Infoseite zur Zeitschrift
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| Sprache | englisch |
| Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
| ISSN | 0022-0485 |
| DOI | 10.1080/00220485.2018.1438945 |
| Schlagwörter | International Cooperation; International Law; Financial Policy; Models; Macroeconomics; Global Approach; Supply and Demand; Educational Theories |
| Abstract | The authors provide a static two-country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. They concentrate on "normal times" and use a thoroughly graphical approach to analyze the questions at hand. In this setting monetary policy is conducted using interest rates rules and economic integration between nations does not necessarily create the case for the coordination of monetary policy. In particular, they show that the conduct of optimal national monetary policies does not make any difference with the coordination of national policies, as this creates a situation where the international monetary system operates "Near an International Cooperative Equilibrium" (NICE). (As Provided). |
| Anmerkungen | Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2020/1/01 |
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