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.
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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.
Imprint | Springer-Verlag New York |
Country of origin | United States |
Series | Dynamic Modeling and Econometrics in Economics and Finance, 8 |
Release date | November 2010 |
Availability | Expected to ship within 10 - 15 working days |
First published | 2006 |
Authors | Joseph E.J.K Plasmans, Jacob Engwerda, Bas Van Aarle, Giovanni Di Bartolomeo, Tomasz Michalak |
Dimensions | 240 x 160 x 18mm (L x W x T) |
Format | Paperback |
Pages | 324 |
Edition | Softcover reprint of hardcover 1st ed. 2006 |
ISBN-13 | 978-1-4419-3910-4 |
Barcode | 9781441939104 |
Categories | |
LSN | 1-4419-3910-5 |