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International monetary policy coordination in a new Keynesian model with NICE features

hal.structure.identifierCentre de recherche en économie et management [CREM]
dc.contributor.authorPoutineau, Jean-Christophe
HAL ID: 173590
ORCID: 0000-0002-0189-4195		*
hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorVermandel, Gauthier*
dc.date.accessioned2018-03-28T11:23:09Z
dc.date.available2018-03-28T11:23:09Z
dc.date.issued2018
dc.identifier.issn0022-0485
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/17600
dc.language.isoenen
dc.subjectmonetary policy
dc.subjectNew Keynesian macroeconomics
dc.subjectinternational macroeconomics
dc.subjecteconomic policy
dc.subjectoptimal interest rate rules
dc.subjectA20
dc.subjectE10
dc.subjectE50
dc.subjectF41
dc.subject.ddc339en
dc.subject.classificationjelF.F4.F41en
dc.subject.classificationjelE.E5.E50en
dc.subject.classificationjelE.E1.E10en
dc.subject.classificationjelA.A2.A20en
dc.titleInternational monetary policy coordination in a new Keynesian model with NICE features
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherUniversité de Rennes 1
dc.description.abstractenThis paper provides a static two country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. We concentrate on “normal times” and use a thoroughly graphical approach to analyze the questions at hands. In this setting monetary policy is conducted using interest rates rules and economic integration between nations does not necessarily create the case for the coordination of monetary policy. In particular, we show that the conduct of optimal national monetary policies does not make any difference with the coordination of national policies, as this creates a situation where the international monetary system operates “Near an International Cooperative Equilibrium”.
dc.relation.isversionofjnlnameJournal of Economic Education
dc.relation.isversionofjnldate2018
dc.relation.isversionofjnlpages1-16
dc.relation.isversionofdoi10.1080/00220485.2018.1438945
dc.subject.ddclabelMacroéconomieen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewednon
dc.date.updated2018-03-28T11:24:05Z
hal.identifierhal-01745620*
hal.version1*
hal.update.actionupdateMetadata*
hal.update.actionupdateFiles*
hal.author.functionaut
hal.author.functionaut


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