Editorial for the Special Issue of Comparative Economic Studies: 50 Years After the End of Bretton Woods—The Experiences of Small Open Economies

IF 1.5 Q2 ECONOMICS Comparative Economic Studies Pub Date : 2024-08-26 DOI:10.1057/s41294-024-00244-y
Alexander Rathke, Tobias Straumann, Jan-Egbert Sturm
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Abstract

This special issue of Comparative Economic Studies, commemorating fifty years since the end of the Bretton Woods system, examines the adjustment of small open economies to floating exchange rates and new monetary policy frameworks. Based on a workshop held at the KOF Swiss Economic Institute in June 2023, six papers analyse dimensions such as the evolution of monetary policy regimes, the impact of economic crises and the use of unconventional monetary policies in Canada, Israel, Norway, Sweden and Switzerland. The findings highlight the benefits and limitations of inflation targeting, the challenges of global financial integration and the strategic responses of central banks to maintain stability and independence, providing policymakers with valuable insights into the complex dynamics of monetary policy in the post-Bretton Woods era.

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为《比较经济研究》特刊撰写的社论:布雷顿森林体系结束 50 年后--小型开放经济体的经验
本期《比较经济研究》特刊旨在纪念布雷顿森林体系结束五十年,探讨小型开放经济体对浮动汇率和新货币政策框架的调整。六篇论文以 2023 年 6 月在 KOF 瑞士经济研究所举行的研讨会为基础,分析了加拿大、以色列、挪威、瑞典和瑞士的货币政策制度演变、经济危机的影响以及非常规货币政策的使用等方面。研究结果强调了通货膨胀目标制的益处和局限性、全球金融一体化的挑战以及中央银行为保持稳定和独立性而采取的战略应对措施,为政策制定者了解后布雷顿森林时代货币政策的复杂动态提供了宝贵的见解。
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来源期刊
CiteScore
2.30
自引率
12.50%
发文量
23
期刊介绍: Comparative Economic Studies is a journal of the Association for Comparative Economic Studies (ACES). It aims to publish papers that address several objectives: that provide original political economy analysis from a comparative perspective, that are an accessible source for state-of-the-art comparative economics thinking, that encourage cross-fertilization of ideas, that debate directions for future research in comparative economics, and that can provide materials and insights that are relevant for teaching, public policy debate and the media. Comparative Economic Studies welcome both submissions that are explicitly comparative and case studies of single countries or regions. The journal is interested in papers that investigate how economic systems respond to economic transitions, crises and to structural change, brought about by globalization, demographics, institutions, technology, politics, and the environment. While maintaining its position as an important outlet for work on Central Europe and the Former Soviet Union, the scope of Comparative Economic Studies encompasses other areas as well (European Union, Asia, Latin America, and Africa).
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