Macroeconomics and multilateralism: The benefits and influence of global macroeconomic policy cooperation

Adam Triggs
The G20 leaders’ forum was created at a time when the global financial system was on a precipice. Credit markets were freezing. Stock markets were collapsing. Rolling failures across financial institutions were shattering economic confidence. In their first communique, leaders concluded that a root cause of the crisis was insufficient macroeconomic cooperation. It was only through improved cooperation, they warned, that a global depression could be averted. The thesis explores the impact of macroeconomic policy...
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