Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation
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In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, i.e. if there is scope to make
在互联互通的世界中，各国经济政策往往会产生大规模的国际溢出效应，这时常引发国际政策合作的诉求。然而，成功合作的前提是存在帕累托无效（Pareto inefficiency），亦即存在能够使
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美国国家经济研究局创建时间：
2017-01-01
