The Economics of International Policy Coordination
AbstractOne aspect of reforming the world monetary system is the issue of designing a set of "rules of the game" within which countries can pursue their own national objectives and yet which still leads to some form of global coordination of macroeconomic policies. The issue of strategic interactions between countries has recently received some analytical insight with the application of game theory to the economic literature on interdependence between countries. The purpose of this paper is to survey these recent applications of static and dynamic game theory to the question of international policy coordination. It also surveys the results of the few empirical attempts to measure the potential gains to coordination. Copyright 1988 by The Economic Society of Australia.
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Bibliographic InfoArticle provided by The Economic Society of Australia in its journal The Economic Record.
Volume (Year): 64 (1988)
Issue (Month): 187 (December)
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Other versions of this item:
- Warwick J. McKibbin, 1987. "The Economics of International Policy Coordination," RBA Research Discussion Papers rdp8705, Reserve Bank of Australia.
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- Rod Tyers, 2013. "International Effects of China's Rise and Transition: Neoclassical and Keynesian Perspectives," CAMA Working Papers 2013-44, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- J Harrigan & C Wang & H El-Said, 2004.
"The Economic and Politics Determinants of IMF and World Bank Lending in the Middle East and North Africa,"
The School of Economics Discussion Paper Series
0411, Economics, The University of Manchester.
- Harrigan, Jane & Wang, Chengang & El-Said, Hamed, 2006. "The economic and political determinants of IMF and world bank lending in the Middle East and North Africa," World Development, Elsevier, vol. 34(2), pages 247-270, February.
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