Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23626 
Year of Publication: 
2005
Series/Report no.: 
Diskussionspapier No. 39
Publisher: 
Helmut-Schmidt-Universität - Universität der Bundeswehr Hamburg, Fächergruppe Volkswirtschaftslehre, Hamburg
Abstract: 
This paper studies the international coordination of monetary policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary cooperation between Europe and America. The spillover effects of monetary policy are negative. The policy targets are price stability and full employment.
Subjects: 
European Monetary Union
International Policy Coordination
Monetary Policy
JEL: 
F42
F41
F33
E52
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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