Dynamic modeling of monetary and fiscal cooperation among nations
- ISBN: 9780387278841
- Editorial: Springer International Publishing AG
- Fecha de la edición: 2006
- Lugar de la edición: Dordrecht. Países Bajos
- Colección: Dynamic modeling and econometrics in economics and finance
- Encuadernación: Cartoné
- Medidas: 25 cm
- Nº Pág.: 319
- Idiomas: Inglés
"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.
Aut. Joseph Plasmans...[et.al]
