02009cas a2200241 a 4500 AALejournalIMF015370 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513584607 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. The Dog That Didn't Bark : The Strange Case of Domestic Policy Cooperation in the 'New Normal' / Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines domestic policy cooperation, a curiously neglected issue. Both international and domestic cooperation were live issues in the 1970s when the IS/LM model predicted very different external outcomes from monetary and fiscal policies. Interest in domestic policy cooperation has since fallen on hard intellectual times-with knock-ons to international cooperation-as macroeconomic policy roles became highly compartmentalized. I first discuss the intellectual and policy making undercurrents behind this neglect, and explain why they are less relevant after the global crisis. This is followed by a discussion of: macroeconomic policy cooperation in a world of more fiscal activism; coordination across financial agencies and with macroeconomic policies; and how structural policies fit into this. The paper concludes with a proposal for a 'grand bargain' across principle players to create a 'new domestic cooperation.'. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2015/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/156/001.2015.issue-156-en.xml IMF e-Library