Abstract
The international coordination of fiscal and monetary policy has recently been an important topic on the agenda of macroeconomic theorists and of policy makers. Initial theoretical work which relied on simple game-theoretic models suggested that large gains in welfare could be achieved from the explicit coordination of policy as opposed to devising optimal national stabilization policies while taking as given the actions of policy makers in other countries.
The author wishes to thank Emanuela Cardia, George Evans, Ron McKinnon, Stephen King, Pierre Perron and John Taylor for helpful comments on previous versions of this paper, and the SSHRC and FCAR for financial support. The usual caveat applies.
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© 1993 SIPI Srl. Rivista di Politica Economica
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Ambler, S. (1993). Staggered Wage Setting and the International Transmission of Policy Announcement Effects. In: Baldassarri, M., Mundell, R., McCallum, J. (eds) Debt, Deficit and Economic Performance. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22919-2_8
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