| 单词 | policy co-ordination |
| 释义 | policy co-ordination The argument that national fiscal and monetary policies would produce better results if countries collaborated. The fiscal and monetary policies followed in each country have effects abroad as well as at home. Policy co-ordination points out that better results could be obtained if each country made less use of policies which harmed other countries than they would choose independently, and more use of policies that benefited the others. The benefits of policy co-ordination also apply to collaboration between the monetary and fiscal authorities within a country. |
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