The Dog That Didn't Bark: The Strange Case of Domestic Policy Cooperation in the "New Normal
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...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
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| Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 156
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| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 Online-Ressource (22 p) |
| ISBN: | 151358460X 9781513584607 |
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| index_date | 2024-07-03T20:13:37Z |
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| spelling | Bayoumi, Tamim Verfasser aut The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal Bayoumi, Tamim Washington, D.C International Monetary Fund 2015 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 156 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. Online-Ausg http://www.elibrary.imf.org/view/IMF001/22680-9781513584607/22680-9781513584607/22680-9781513584607.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bayoumi, Tamim The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal |
| title | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal |
| title_auth | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal |
| title_exact_search | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal |
| title_exact_search_txtP | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal |
| title_full | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal Bayoumi, Tamim |
| title_fullStr | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal Bayoumi, Tamim |
| title_full_unstemmed | The Dog That Didn't Bark The Strange Case of Domestic Policy Cooperation in the "New Normal Bayoumi, Tamim |
| title_short | The Dog That Didn't Bark |
| title_sort | the dog that didn t bark the strange case of domestic policy cooperation in the new normal |
| title_sub | The Strange Case of Domestic Policy Cooperation in the "New Normal |
| url | http://www.elibrary.imf.org/view/IMF001/22680-9781513584607/22680-9781513584607/22680-9781513584607.xml |
| work_keys_str_mv | AT bayoumitamim thedogthatdidntbarkthestrangecaseofdomesticpolicycooperationinthenewnormal |