Format:
1 Online-Ressource (circa 23 Seiten)
,
Illustrationen
ISBN:
9781513584607
,
151358460X
,
1513510347
,
9781513510347
Series Statement:
IMF working paper WP/15/156
Content:
This paper examines domestic policy cooperation, a curiously neglected issue. Both international and domestic cooperation were live issues in the 1970s when the IS/LM model predicted very different external outcomes from monetary and fiscal policies. Interest in domestic policy cooperation has since fallen on hard intellectual times-with knock-ons to international cooperation-as macroeconomic policy roles became highly compartmentalized. I first discuss the intellectual and policy making undercurrents behind this neglect, and explain why they are less relevant after the global crisis. This is followed by a discussion of: macroeconomic policy cooperation in a world of more fiscal activism; coordination across financial agencies and with macroeconomic policies; and how structural policies fit into this. The paper concludes with a proposal for a 'grand bargain' across principle players to create a 'new domestic cooperation.'
Note:
"July 2015. - Gesehen am 20.07.2015
Additional Edition:
Erscheint auch als Druck-Ausgabe Bayoumi, Tamim The Dog That Didn't Bark: The Strange Case of Domestic Policy Cooperation in the "New Normal" Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513584607
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513584607.001
URL:
Volltext
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