Volume 15, Issue 2 June 2019

International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster

Abstract

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.

Authors

  • Serkan Imisiker
  • Bedri Kamil Onur Tas

JEL codes

  • E52
  • E58
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