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Monetary Policy in an Interdependent World

In: Exchange Rates, Money and Output

Author

Listed:
  • Paul Grauwe

    (Catholic University of Leuven)

  • Michele Fratianni

    (Indiana University)

  • Mustapha K. Nabli

    (University of Tunis)

Abstract

The unifying theme of this chapter is economic interdependence among the industrialised countries and its implications for monetary policies. In Sections I to III we analyse changes in the nature of economic interdependence from the 1960s to the 1970s and offer some explanations for these changes. In doing so, we draw upon the framework of analysis developed in the previous chapters of the book. In Sections IV and V we study the transmission abroad of policy shocks originating in the United States in recent history.

Suggested Citation

  • Paul Grauwe & Michele Fratianni & Mustapha K. Nabli, 1985. "Monetary Policy in an Interdependent World," Palgrave Macmillan Books, in: Exchange Rates, Money and Output, chapter 9, pages 173-191, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17699-1_9
    DOI: 10.1007/978-1-349-17699-1_9
    as

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