June 2019 issue contents
International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster

We empirically examine international monetary policy coordination. We use the Global Economy Meetings (GEMs) at the Bank for International Settlements (BIS) to design a novel empirical identification strategy. We find that communication between the central bank governors at the BIS GEMs promotes policy coordination.

^a  Independent Researcher

^b  TOBB University of Economics and Technology