The dog that didn't bark : the strange case of domestic policy cooperation in the 'new normal' /

The dog that didn't bark : the strange case of domestic policy cooperation in the 'new normal' /

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Bibliographic Details
Author / Creator:	Bayoumi, Tamim, author.
Imprint:	[Washington, D.C] : International Monetary Fund, Strategy, Policy, and Review Department, 2015.
Description:	1 online resource (22 pages)
Language:	English
Series:	IMF working paper, 1018-5941 ; WP/15/156 IMF working paper ; WP/15/156.
Subject:	Banks and banking, Central. Monetary policy. Banks of issue. Banks of issue. Banks and banking, Central. Monetary policy.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504624

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Strategy, Policy, and Review Department.
ISBN:	151358460X 9781513584607 1513554557 9781513554556 1513510347 9781513510347 9781513584607
Notes:	"July 2015." Includes bibliographical references.
Summary:	"This paper examines domestic policy cooperation, a curiously neglected issue. Both international and domestic cooperation were live issues in the 1970s when the IS/LM model predicted very different external outcomes from monetary and fiscal policies. Interest in domestic policy cooperation has since fallen on hard intellectual times - with knock-ons to international cooperation - as macroeconomic policy roles became highly compartmentalized. The author first discusses the intellectual and policy making undercurrents behind this neglect, and explain why they are less relevant after the global crisis. This is followed by a discussion of: macroeconomic policy cooperation in a world of more fiscal activism; coordination across financial agencies and with macroeconomic policies; and how structural policies fit into this. The paper concludes with a proposal for a 'grand bargain' across principle players to create a 'new domestic cooperation.'"--Abstract.
Other form:	Print Version: 9781513584607
Standard no.:	10.5089/9781513584607.001

Description
Summary:	This paper examines domestic policy cooperation, a curiously neglected issue. Both international and domestic cooperation were live issues in the 1970s when the IS/LM model predicted very different external outcomes from monetary and fiscal policies. Interest in domestic policy cooperation has since fallen on hard intellectual times--with knock-ons to international cooperation--as macroeconomic policy roles became highly compartmentalized. I first discuss the intellectual and policy making undercurrents behind this neglect, and explain why they are less relevant after the global crisis. This is followed by a discussion of: macroeconomic policy cooperation in a world of more fiscal activism; coordination across financial agencies and with macroeconomic policies; and how structural policies fit into this. The paper concludes with a proposal for a "grand bargain" across principle players to create a "new domestic cooperation."
Item Description:	"July 2015."
Physical Description:	1 online resource (22 pages)
Bibliography:	Includes bibliographical references.
ISBN:	151358460X 9781513584607 1513554557 9781513554556 1513510347 9781513510347
ISSN:	1018-5941 ;