Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations
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Beschreibung
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.
As much as possible self-contained and written in a manner well understandable for graduate university students. Together with scholars and researchers at universities and international institutions, they constitute the most important readership of the book The contents and form are designed in a way that enables it to be used as textbook for a specialized course in the area of policymaking in the presence of a monetary union
Autor*in
Joseph E.J.K Plasmans
Themen in »Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations«
Cooperation Dynamic Fiscal Modeling Monetary Plasmans Policy areas coalition control coordination currency endogenous formation game