The Gains From International Monetary Cooperation Revisited /

This paper examines the issue of whether countries can improve their welfare by coordinating macroeconomic policies. The main purpose is to compute the gains from international monetary cooperation as the difference between the steady state consumption levels associated with the Nash and the coopera...

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Bibliographic Details
Main Author: Tchakarov, Ivan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/001
Online Access:Full text available on IMF