Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations
Plasmans, Joseph; Engwerda, Jacob; Aarle, Bas Van (University Of Maastricht); Bartolomeo, Giovanni Di; Michalak, Tomasz
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 ... Read more
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About Plasmans, Joseph; Engwerda, Jacob; Aarle, Bas Van (University Of Maastricht); Bartolomeo, Giovanni Di; Michalak, Tomasz
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