The quest for global monetary policy coordination

Arbeitspapier

This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that global coordination is crucial to facing this challenge. They propose to convene appropriate official meetings to coordinate in an explicit, formal, and well-communicated way the process of normalisation and the discussions on the needed long-term changes in the strategy and institutional setting of monetary policies.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Discussion Papers ; No. 2018-59

Classification and Topics

• Classification: Wirtschaft ; Money Supply; Credit; Money Multipliers ; Central Banks and Their Policies ; Policy Objectives; Policy Designs and Consistency; Policy Coordination ; Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy ; International Monetary Arrangements and Institutions ; International Policy Coordination and Transmission
• Subject: monetary policy ; central banks ; global cooperation ; financial stability ; international institutions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bruni, Franco ; Siaba Serrate, José ; Villafranca, Antonio
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/181071
• Last update: 10.03.2025, 11:44 AM CET