policy coordination

Thomas Palley On International Coordination

11 July 2013

Thomas Palley has a new article Coordinate Currencies or Stagnate on international coordination of exchange rates. (h/t Matias Vernengo). He has a nice small critique of the Chicago school according to which “market forces” work toward resolving imbalances. It is great such a thing has been raised because the importance of policy coordination (in general – […]


Obama And Merkel Call For Concerted Action

28 August 2011

Via Reuters Barrack Obama and Angela Merkel spoke on the phone over the weekend and agreed on the importance of concerted action. “The two leaders agreed on the importance of concerted action, including through the G20, to address current economic challenges and to spur growth and job creation in the global economy,” the statement said.


Nationalistic Solutions?

13 August 2011

A few posts back, I refered to an article by James Tobin [1]. It has a nice but pessimistic ending: Coordination of macroeconomic policies is certainly not easy; maybe it is impossible. But in its absence, I suspect nationalistic solutions will be sought – trade barriers, capital controls, and dual-exchange rate systems. Wars among nations […]


Coordinated Action? G7 Statement

8 August 2011

Via G8 Information Centre Statement of G7 Finance Ministers and Central Bank Governors August 8, 2011 In the face of renewed strains on financial markets, we, the Finance Ministers and Central Bank Governors of the G-7, affirm our commitment to take all necessary measures to support financial stability and growth in a spirit of close […]