Introduction Part I. General Issues: 1. Macroeconomic policy design and control theory - a failed partnership? 2. International policy coordination - a survey 3. The European road to monetary union Part II. Theory and Methodology: 4. The design of feedback rules in linear stochastic rational expectations models 5. Credibility and time consistency in a stochastic world 6. Should rules be simple? 7. Macroeconomic policy design using large econometric rational expectations models Part III. Fiscal and monetary policy in interdependent economies: 8. Macroeconomic policy design in an interdependent world 9. Does international macroeconomic policy coordination pay and is it sustainable?: a two-country analysis 10. International cooperation and reputation in an empirical two-bloc model 11. Fiscal policy coordination, inflation and reputation in a natural rate world 12. The use of simple rules for international policy coordination 13. Evaluating the extended target zone proposal for the G3 Bibliography Index.
Introduction Part I. General Issues: 1. Macroeconomic policy design and control theory - a failed partnership? 2. International policy coordination - a survey 3. The European road to monetary union Part II. Theory and Methodology: 4. The design of feedback rules in linear stochastic rational expectations models 5. Credibility and time consistency in a stochastic world 6. Should rules be simple? 7. Macroeconomic policy design using large econometric rational expectations models Part III. Fiscal and monetary policy in interdependent economies: 8. Macroeconomic policy design in an interdependent world 9. Does international macroeconomic policy coordination pay and is it sustainable?: a two-country analysis 10. International cooperation and reputation in an empirical two-bloc model 11. Fiscal policy coordination, inflation and reputation in a natural rate world 12. The use of simple rules for international policy coordination 13. Evaluating the extended target zone proposal for the G3 Bibliography Index.
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