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Rules, Reputation and Macroeconomic Policy Coordination - David Currie

Rules, Reputation and Macroeconomic Policy Coordination

Hardcover

Published: 18th September 2004
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This book is concerned with the design and conduct of macroeconomic policy in an international context. It addresses the advantages and disadvantages of simple policy rules, how to formulate policy in the face of uncertainty, the possible benefits from international policy coordination and the role that credibility plays in determining the effectiveness of government intervention. These issues are brought together to produce a unique, unified approach to the subject. The book will be of interest to students and teachers of macroeconomics, and professional economists concerned with the design of policy using macroeconomic models.

Introduction
General Issues
Macroeconomic policy design and control theory - a failed partnership?
International policy coordination - a survey
The European road to monetary union
Theory and Methodology
The design of feedback rules in linear stochastic rational expectations models
Credibility and time consistency in a stochastic world
Should rules be simple?
Macroeconomic policy design using large econometric rational expectations models
Fiscal and monetary policy in interdependent economies
Macroeconomic policy design in an interdependent world
Does international macroeconomic policy coordination pay and is it sustainable?: a two-country analysis
International cooperation and reputation in an empirical two-bloc model
Fiscal policy coordination, inflation and reputation in a natural rate world
The use of simple rules for international policy coordination
Evaluating the extended target zone proposal for the G3
Bibliography
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521441964
ISBN-10: 052144196X
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 444
Published: 18th September 2004
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 23.5 x 16.51  x 3.18
Weight (kg): 0.77