Working Paper: NBER ID: w20952
Authors: Charles Engel
Abstract: This paper surveys the current state of the literature on international monetary policy coordination. It relates recent policy discussions to the lessons from the literature. It proposes several avenues for future research.
Keywords: No keywords provided
JEL Codes: F41; F42
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| U.S. expansionary monetary policy (E52) | depreciation of the dollar (F31) |
| depreciation of the dollar (F31) | spillover effects on emerging market economies (F41) |
| spillover effects on emerging market economies (F41) | currency appreciation in those markets (F31) |
| U.S. monetary policy (E52) | fluctuations in the dollar (F31) |
| global market demands for liquidity (G15) | fluctuations in the dollar (F31) |