Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations

• Main Authors: Plasmans, Joseph (Author), Engwerda, Jacob (Author), van Aarle, Bas (Author), di Bartolomeo, Giovanni (Author), Michalak, Tomasz (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2006.
• Series: Dynamic Modeling and Econometrics in Economics and Finance, 8
• Subjects: Operations research.; Decision making.; Economic theory.; Macroeconomics.; European Economic Community literature.; Economics.; European Integration.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Systems.; Economic Theory/Quantitative Economics/Mathematical Methods.; Operation Research/Decision Theory.

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 coopera...

Table of 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.