Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?

Authors

Joseph Daniels, Marquette UniversityFollow

Document Type

Article

Language

eng

Format of Original

20 p.

Publication Date

7-1998

Publisher

Springer

Source Publication

Open Economies Review

Source ISSN

0923-7992

Original Item ID

DOI: 10.1023/A:1008220801959

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.

Comments

Accepted version. Open Economies Review, Vol. 9, No. 3 (July 1998): 265-284. DOI. © 1998 Springer. Used with permission.

Shareable Link. Provided by the Springer Nature SharedIt content-sharing initiative.

Recommended Citation

Daniels, Joseph, "Two-Country Models of Monetary and Fiscal Policy: What Have We Learned? What More Can We Learn?" (1998). Economics Faculty Research and Publications. 17.
https://epublications.marquette.edu/econ_fac/17