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International Monetary Policy Coordination

Author

Listed:
  • Carlberg, Michael

    (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.

Suggested Citation

  • Carlberg, Michael, 2005. "International Monetary Policy Coordination," Working Paper 39/2005, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2005_039
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    More about this item

    Keywords

    European Monetary Union; International Policy Coordination; Monetary Policy;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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