Global Implications of Self-Oriented National Monetary Rules

Article, Preprint English OPEN
Obstfeld, Maurice ; Rogoff, Kenneth (2001)
  • Publisher: eScholarship, University of California
  • Subject: International policy coordination, international policy cooperation, monetary policy rules, policy precommitment | international policy cooperation | International policy coordination | policy precommitment | monetary policy rules
    • jel: jel:F42 | jel:E42 | jel:F33

It is well known that if international linkages are relatively small, the potential gains to international monetary policy coordination are typically quite limited. But what if goods and financial markets are tightly linked? Is it then problematic if countries unilate... View more
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