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International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster

Author

Listed:
  • Serkan Imisiker

    (Independent Researcher)

  • Bedri Kamil Onur Tas

    (TOBB University of Economics and Technology)

Abstract

We empirically examine international monetary policy coordination. We use the Global Economy Meetings (GEMs) at the Bank for International Settlements (BIS) to design a novel empirical identification strategy. We find that communication between the central bank governors at the BIS GEMs promotes policy coordination.

Suggested Citation

  • Serkan Imisiker & Bedri Kamil Onur Tas, 2019. "International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster," International Journal of Central Banking, International Journal of Central Banking, vol. 15(2), pages 301-321, June.
    • Handle: RePEc:ijc:ijcjou:y:2019:q:2:a:8
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    Cited by:

    1. Armelius, Hanna & Bertsch, Christoph & Hull, Isaiah & Zhang, Xin, 2020. "Spread the Word: International spillovers from central bank communication," Journal of International Money and Finance, Elsevier, vol. 103(C).

    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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