| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2877 |
| DP2877 Inequality and Happiness: Are Europeans and Americans Different? | |
| Alberto Alesina; Robert MacCulloch; Rafael Di Tella | |
| 发表日期 | 2001-07-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | It is well known that if international linkages are relatively small, the potential gains to international monetary policy coordination are typically quite limited. What if, however, goods and financial markets are tightly linked? Is it then problematic if countries unilaterally design their institutions for monetary stabilization? Are the stabilization gains from having separate currencies largely squandered in the absence of effective international monetary coordination? We argue that under plausible assumptions the answer is no. Unless risk aversion is very high, lack of coordination in rule setting is a second-order problem compared to the overall gains from monetary policy stabilization. |
| 主题 | International Macroeconomics |
| 关键词 | International policy coordination Monetary policy rules Monetary institutions |
| URL | https://cepr.org/publications/dp2877 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531916 |
| 推荐引用方式 GB/T 7714 | Alberto Alesina,Robert MacCulloch,Rafael Di Tella. DP2877 Inequality and Happiness: Are Europeans and Americans Different?. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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