Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations
by
 
Plasmans, Joseph. author.

Title
Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations

Author
Plasmans, Joseph. author.

ISBN
9780387279312

Personal Author
Plasmans, Joseph. author.

Physical Description
XVI, 324 p. online resource.

Series
Dynamic Modeling and Econometrics in Economics and Finance, 8

Contents
International Policy Coordination -- Mathematical Background -- The Basic Symmetric Two-Country Model -- An MU Model with Active Monetary Policy -- Endogenous Coalition Formation Concepts -- A Multi-Country Closed-Economy MU Model -- Accession to a Monetary Union -- World-wide Regional Policy Coordination -- Concluding Remarks.

Abstract
Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy cooperation. Issues covered include: fiscal coordination, fiscal stringency requirements, structural and bargaining power asymmetries and the design of monetary and fiscal policymaking in a monetary union. In the four last chapters multiple-player settings with aspects of fiscal and/or monetary coordination are analyzed using the endogenous coalition formation approach. The analysis is focused on shock and model asymmetries and issues of multi-country coordination in the presence of (possibly many) monetary unions.

Subject Term
Economics.
 
Europe -- Economic policy.
 
Macroeconomics.
 
Economics, Mathematical.
 
Economics/Management Science.
 
European Integration.
 
Macroeconomics/Monetary Economics.
 
Economic Systems.
 
Game Theory/Mathematical Methods.
 
Operations Research/Decision Theory.

Added Author
Engwerda, Jacob.
 
van Aarle, Bas.
 
di Bartolomeo, Giovanni.
 
Michalak, Tomasz.

Added Corporate Author
SpringerLink (Online service)

Electronic Access
http://dx.doi.org/10.1007/0-387-27931-8


LibraryMaterial TypeItem BarcodeShelf NumberStatus
IYTE LibraryE-Book504712-1001HC241Online Springer