Monetary policy cooperation may not be counterproductive

Henrik Jensen

doi:10.1111/1467-9442.00048

Monetary policy cooperation may not be counterproductive

Henrik Jensen

Økonomisk Institut

19 Citationer (Scopus)

Abstract

This paper qualifies Rogoff's famous (1985) result that international monetary policy cooperation is counterproductive. In a model similar to his, it is shown that if wage-setters are non-atomistic and inflation averse - as policymakers are - cooperation leads to higher employment and possibly lower inflation

Originalsprog	Engelsk
Tidsskrift	Scandinavian Journal of Economics
Vol/bind	99
Udgave nummer	1
Sider (fra-til)	73-80
ISSN	0347-0520
DOI	https://doi.org/10.1111/1467-9442.00048
Status	Udgivet - 1997

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10.1111/1467-9442.00048

Citationsformater

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Monetary policy cooperation may not be counterproductive

Abstract

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