Report
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This report, from Franco Bruni and Claude Lopez, proposes four steps to address the challenges of international policy coordination.
The suggested steps include: monetary policy taking into account its spillovers on financial stability; systemic central banks accounting for the global impact of their policy; multilateral consultations providing a useful platform to assess these impacts; and analysis that helps design monetary and macroprudential policy, including global aggregates to capture the global economic and financial context.
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Full Report