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International Coordination in the Design of Macroeconomic Policy Rules
International Coordination Macroeconomic Policy Rules
2015/8/4
The paper examines international issues that arise in the design and evaluation of macroeconomic
policy rules. It begins with a theoretical investigation of the effects of fiscal and
monetary policy...
The Current Account and Macroeconomic Policy: An Econometric Analysis
Macroeconomic Policy Econometric Analysis
2015/8/4
The Current Account and Macroeconomic Policy: An Econometric Analysis.
Macroeconomic Policy and Unemployment in the 1990s.
The Policy Rule Mix: A Macroeconomic Policy Evaluation
Policy Rule Mix Macroeconomic Policy
2015/8/4
This draft was prepared for the Robert A. Mundell Festschrift
Conference, organized by Guillermo Calvo, Rudi Dornbusch, and Maury
Obstfeld and held at the World Bank, Washington, D.C., October 24, 1...
How the Rational Expectations Revolution has Changed Macroeconomic Policy Research
Rational Expectations Revolution Macroeconomic Policy Research
2015/8/3
How the Rational Expectations Revolution has Changed Macroeconomic Policy Research.
Getting Back on Track: Macroeconomic Policy Lessons from the Financial Crisis
Macroeconomic Policy Financial Crisis
2015/8/3
This article reviews the role of monetary and fiscal policy in the financial crisis and draws lessons
for future macroeconomic policy. It shows that policy deviated from what had worked well in the
...
Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies
Distributional Effects Macroeconomic Policy Choices Emerging Market Economies
2013/11/27
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since f...
Macroeconomic Policy Under Currency Inconvertibility
Macroeconomic Policy Under Currency Inconvertibility
2014/3/24
Macroeconomic Policy Under Currency Inconvertibility
A Macroeconomic Policy Game for a Monetary Union with Adaptive Expectations
Dynamic game Nash equilibrium Pareto solution Macroeconomics .
2011/8/21
We consider a dynamic game model of a two-country monetary union. Governments (fiscal policies) pursue national goals while the common central bank’s monetary policy aims at union-wide objectives. For...
'Core' and 'Periphery' in a Monetary Union: A Macroeconomic Policy Game
Monetary union Asymmetric union Dynamic game Numerical solutions Nash equilibrium Pareto solution Fiscal policy Monetary policy
2011/8/21
We develop a dynamic game model of a two-country monetary union to study strategic interactions between macroeconomic policy makers, namely the central bank and governments. In this union, the governm...