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International macroeconomic policy coordination

Frankel, Jeffrey, (2015), “International macroeconomic policy coordination”, Voxeu, 9 Δεκεμβρίου.

Calls for coordination of macroeconomic policy have made a comeback since the Global Crisis. This column reviews this return of international policy coordination, both in terms of fiscal and monetary policy. It discusses recent developments and considerations in fiscal and monetary policy games, and cautions that most but not all calls for coordination are useful.

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