coordination in the Zone. The empirical analysis uses annual data for the period 1980 - 2011. Under the STA, coordination exists …The study investigates the level of coordination between the fiscal and monetary authorities in the WAMZ countries and … utilizes the Set Theoretic Approach (STA) and the vector autoregressive (VAR) modeling to estimate the degree of policy …

emphasis on how views on policy coordination have changed over the last 25 five years. On the positive side, noncooperative …. The central theme throughout is on the optimal degree of price stability and on the coordination of monetary and fiscal …

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …

policy regime, there is greater need for policy coordination: the specific choice of monetary policy limits the set of fiscal …

(real or deficit). Under monetary and fiscal policy coordination, the real spending multiplier is 3.4 and the deficit … spending multiplier is 3.8. However, when there is no policy coordination, that is, when the central bank is "goal independent …," the real spending multiplier is unchanged but the deficit spending multiplier is zero. Coordination failure may explain …