Macroeconomic Policy Coordination among the Industrial Economies

International Coordination in the Design of Macroeconomic Policy Rules

The paper examines international issues that arise in the design and evaluation of macroeconomic policy rules. It begins with a theoretical investigation of the effects of fiscal and monetary policy in a two-country rational expectations model with staggered wage and price setting and with perfect capital mobility. The results indicate that with the appropriate choice of policies and with flexi...

POLICY CORNER Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies

Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention as financial markets are incomplete, imperfect, and economic agents’ access to them is often limited. This limits households’ ability to insure against household-specific (or sector-specific) shocks and m...

Green industrial policy: Accelerating structural change towards wealthy green economies

A study of strategy of Small Economies facing the Transition of large Economies Industrial Structure

Taiwan economy has always been export-oriented, creating tightly-linked industrial chains between cross-straits companies tightly. Understanding the influence of transforming industrial patterns of major economic entities would be critical for long-term cooperative small economic entities (countries or regions) in the periphery. The author of this paper has thus analyzed the influences and ...

A study of strategy of Small Economies facing the Transition of large Economies Industrial Structure

Taiwan economy has always been export-oriented, creating tightly-linked industrial chains between cross-straits companies tightly. Understanding the influence of transforming industrial patterns of major economic entities would be critical for long-term cooperative small economic entities (countries or regions) in the periphery. The author of this paper has thus analyzed the influences and ...