ABSTRACT
Macroeconomic policy coordination is by no means a recent issue either for policymakers or for academics - economists, political scientists, or historians. The way economists view the problem has, however, evolved markedly since the war. This evolution is twofold. First of all, the confidence in a Keynesian fine tuning of the economy progressively disappeared after the major disturbances of the 1970s. And secondly, a rather simplistic and altruistic view of policy coordination has been rejected first by policymakers and then, with some delay, by its academic proponents.
