The International Economic Policy Coordination Instrument
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The International Economic Policy Coordination Instrument
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Author : David B. Timmins
language : en
Publisher: Lanham : University Press of America
Release Date : 1985
The International Economic Policy Coordination Instrument written by David B. Timmins and has been published by Lanham : University Press of America this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with International economic relations categories.
International Coordination Of Economic Policies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1988-06-29
International Coordination Of Economic Policies written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-06-29 with Business & Economics categories.
This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-Indicator systems, and hegemonic versus symmetric systems. Finally, using the MULTIMOD global macroeconomic model, some simulations are presented of several rule-based proposals for coordination.
Coordination Of National Economic Policies
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Author : Jacques Jacobus Polak
language : en
Publisher:
Release Date : 1981
Coordination Of National Economic Policies written by Jacques Jacobus Polak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Economic policy categories.
International Policy Coordination And Exchange Rate Fluctuations
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Author : William H. Branson
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
International Policy Coordination And Exchange Rate Fluctuations written by William H. Branson and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Reference categories.
Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
Economic Policy Coordination
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Author : Wilfried Guth
language : en
Publisher: International Monetary Fund
Release Date : 1988-12-15
Economic Policy Coordination written by Wilfried Guth and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-12-15 with Business & Economics categories.
This volume, which presents the proceedings of a seminar moderated by Wilfred Guth in Hamburg, Germany, dicusses the extent of international policy coordination, its effectiveness, and how it can be expected to work in the future.
The Reality Of International Economic Policy Coordination
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Author : H. J. Blommestein
language : en
Publisher:
Release Date : 1991
The Reality Of International Economic Policy Coordination written by H. J. Blommestein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
The "reality" of international economic policy coordination is the subject of this book. This reality comprises the objectives of policy-makers, the various constraints faced by policy makers, and current economic knowledge about international coordination. The treatment of the subject matter is unique because the principal authors have first-hand knowledge based on their current or past involvement in the process of international economic policy coordination. This makes the book important and stimulating for both policy makers and academic specialists in this field. The study provides an in-depth analytical overview of the most important topics in the area of international coordination: the role of institutions, fiscal policy, tax policy, the international monetary system, the European monetary system, policy assignment rules and exchange rate regimes, structural policy and structural reform, methods and empirical effects of international policy coordination.
International Coordination Of Economic Policies
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Author : Jacob A. Frenkel
language : en
Publisher:
Release Date : 1988
International Coordination Of Economic Policies written by Jacob A. Frenkel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Economic policy categories.
This paper discusses the scope, methods, the effects of international coordination of economic policies. In addressing the scope for and of coordination, the analysis covers the rationale for coordination, barriers to coordination, the range and specificity of policies to be coordinated, the frequency of coordination, and the size of the coordinating group. Turning to the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-indicator approaches, and hegemonic versus more symmetric systems. In an attempt to shed some light on the effects of alternative rule- based proposals for coordination, we present some simulations of a global macroeconomic model (MULTIMQD) developed in the International Monetary Fund. The simulations considered range from 'smoothing rules for monetary and fiscal policy that imply only minimal international coordination, to more activist "target-zone" proposals that place greater restrictions on national authorities in the conduct of monetary and/or fiscal policies. The simulation results are compared to the actual evolution of the world economy over the 1974-87 period. Our findings suggest that simple mechanistic rule-based proposals are unlikely to lead to improved performance
International Macroeconomic Policy Coordination
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Author : Group of Thirty
language : en
Publisher:
Release Date : 1988
International Macroeconomic Policy Coordination written by Group of Thirty and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Economic policy categories.
International Coordination Of National Stabilization Policies
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Author : Ralph C. Bryant
language : en
Publisher: Brookings Institution Press
Release Date : 1995-10-01
International Coordination Of National Stabilization Policies written by Ralph C. Bryant and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-10-01 with Business & Economics categories.
As cross-border transactions and economic integration among nations have increased, formerly neglected differences among the domestic economic policies of nations have become progressively exposed to international scrutiny. National governments trying to pursue autonomous polices have found their decisions more difficult and the consequences of their decisions more uncertain. These trends have in turn provoked debate about whether governments should cooperate more fully when making their policy decisions. In this book, part of the Integrating National Economies series, Ralph A. Bryant considers how much national governments might benefit from coordination of their macroeconomic stabilization polices, the circumstances in which they might cooperation; and how ambitious that cooperation should be. Bryant argues that the potential benefits of attempted coordination are often greater than the potential risks. When national decisionmakers take into account the cross-border spillovers of their actions, and especially if the are prepared to consider mutually beneficial adjustments of their policy instruments, each cooperating nation may be able to attain higher levels of welfare. Bryant discusses circumstances in which efforts to coordinate could prove counterproductive. On the whole, however, he contends that efforts to coordinate policies internationally typically deserve examination and, frequently, can be expected to advance the common interests of nations' citizens. Bryant identifies and analyzes different forms of intergovernmental cooperation for monetary, fiscal, and exchange rate policies. One of the contributors of the book compares and evaluates three different analytical perspectives: the traditional policy-optimization approach favored by economists, the rule analysis of international regime environments, and the institutional analysis developed by scholars of international relations and political science. The book concludes with an o
Republic Of Serbia
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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-19
Republic Of Serbia written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-19 with Business & Economics categories.
This paper discusses the Republic of Serbia’s Third Review Under the Policy Coordination Instrument (PCI). Serbia is the second IMF member country to request a PCI and aims to maintain macroeconomic and financial stability, while advancing an ambitious reform agenda to foster rapid growth, job creation and improved living standards. All quantitative targets (QTs) for end-September 2019 were met. Most reform targets (RTs) have been implemented. The IMF Staff recommends completion of the third review under the Policy Coordination Instrument and establishment of end-September 2020 QTs. Fiscal policy is on track so far, however, it will be important to closely monitor 2019 budget implementation to ensure that the deficit stays within the program ceiling. While progress has been made in reforming the tax administration and strengthening public investment management frameworks, delayed reforms of the public wage system and public employment framework need to advance in 2020.