Macro-prudential and fiscal co-ordination could pay big dividends, IMF staffers say
A new paper from a group of economists at the International Monetary Fund (IMF) has revisited the question of international macroeconomic policy co-ordination from the point of view of fiscal and macro-prudential policy, arguing that co-operation on these two fields would offer far greater dividends than co-operating in monetary policy.
In The Benefits of International Policy Coordination Revisited, Jaromir Benes, Michael Kumhof, Douglas Laxton, Dirk Muir and Susanna Mursula note that "there has
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