An Appraisal of Alternative Blueprints for International Policy Coordination.

Journal article

This paper examines two schemes for the international coordination of macroeconomic policy using a world econometric model, the National Institute Global Econometric Model. The first is the extended target zone scheme proposed by J. Williamson and M. Miller (1987), which involves targeting fundamental equilibrium exchange rates using monetary policy and using fiscal policy to control domestic demand. The second uses fiscal policy to target the current account and monetary policy to stabilize ...

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Authors: Currie, D; Wren-Lewis, S

• Journal: European Economic Review
• Volume: 33
• Publication date: 1989-01-01
• ISSN: 0014-2921
• Language: English