Article
Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?
Open Economies Review
Document Type
Article
Language
eng
Format of Original
20 p.
Publication Date
7-1-1998
Publisher
Springer
Original Item ID
DOI: 10.1023/A:1008220801959
Disciplines
Abstract
This paper surveys the literature that uses two-country models to analyze monetary and fiscal policy issues faced in interdependent economies. We discuss sources of structural interdependence that researchers typically include in these models. We describe many of the types of policy interactions that researchers have considered and summarize the key results that they have obtained. Finally, we briefly explain the limitations of two-country models and outline directions that this literature might usefully be extended.
Citation Information
Joseph Daniels. "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?" Open Economies Review (1998) ISSN: 0923-7992 Available at: http://works.bepress.com/joseph_daniels/35/
Accepted version. Open Economies Review, Vol. 9, No. 3 (July 1998): 265-284. DOI. © 1998 Springer. Used with permission.
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