This paper investigates optimal monetary policy rules when two large countries simultaneously face non-negativity constraints on nominal interest rates. Under policy coordination, domestic optimal monetary policy rules depend on domestic endogenous variables, foreign inflation, and domestic and foreign policy rates when the zero lower bound is never binding. Such policy rules generally lose the...

President Vladimir Putin’s domination of Russia’s politics, coupled with the apparent stability of the regime, have contributed to the relative neglect of domestic politics in explaining Russia’s foreign policy. This article seeks to overcome this lapse and argues that the evolving distribution of political and economic power under the surface of Putin’s leadership has been influencing the proc...

The paper examines the causal nexus between financial development and economic growth in India in a multivariate VAR model. The empirical analysis is based on cointegration and causality test. The cointegration test finds the presence of long run equilibrium relationship between financial development and economic growth. The Granger causality test finds the existence of bidirectional causality ...

since the end of the cold war, a fierce debate has been taking place both in the academic and in the political world about the problems of traditional concepts and theories of international relations and foreign policy in this respect we can identify three distinct phases of complexity’s emergence into the field of international politics. the first phase of complexity and international politics...

Health is increasingly seen as relevant to foreign policy; nevertheless, it remains subordinate to other interests. In particular, the interests of security and economics are often presented as more critical than health. This is due to a failure to sufficiently recognize the legal obligations that states have undertaken to ensure the human right to health. This article argues that health should...