The Benefits of International Policy Coordination Revisited /

This paper uses two of the IMF's DSGE models to simulate the benefits of international fiscal and macroprudential policy coordination. The key argument is that these two policies are similar in that, unlike monetary policy, they have long-run effects on the level of GDP that need to be traded o...

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Bibliographic Details
Main Author: Benes, Jaromir
Other Authors: Kumhof, Michael, Laxton, Douglas, Muir, Dirk
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/262
Online Access:Full text available on IMF