Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneo

This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition

Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a

This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as gra