Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations

by Joseph Plasmans, Jacob Engwerda, Bas van Aarle, Giovanni di Bartolomeo, Tomasz Michalak

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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Year of publication:	2006
Authors:	Plasmans, Joseph ; Engwerda, Jacob C. ; Aarle, Bas van ; Di Bartolomeo, Giovanni ; Michalak, Tomasz
Publisher:	Boston, MA : Springer US
Subject:	Währungsunion \| Monetary union \| Stabilisierungspolitik \| Stabilization policy \| Geldpolitik \| Monetary policy \| Finanzpolitik \| Fiscal policy \| Internationale Wirtschaftspolitik \| International economic policy \| Dynamisches Spiel \| Dynamic game \| Dynamische Wirtschaftstheorie \| Economic dynamics \| Theorie \| Theory \| Konjunkturpolitik \| Internationale Kooperation \| Dynamisches Modell
Description of contents:	Table of Contents [swbplus.bsz-bw.de] ; Table of Contents [gbv.de] ; Description [swbplus.bsz-bw.de] ; Description [swbplus.bsz-bw.de] ; Description [zbmath.org]

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Extent:	Online-Ressource (XVI, 319 p, digital)
Series:	Dynamic Modeling and Econometrics in Economics and Finance ; 8 SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Literaturverz. S. 309 - 319 Preliminaries; Contents; 1 International Policy Coordination; 2 Mathematical Background; 3 The Basic Symmetric Two Country Model; 4 An MU Model with Active Monetary Policy; 5 Endogenous Coalition Formation Concepts; 6 A Multi-Country Closed-Economy MU Model; 7 Accession to a Monetary Union; 8 World wide Regional Policy Coordination; 9 Concluding Remarks; 10 References
ISBN:	978-0-387-27931-2 ; 978-0-387-27884-1
Other identifiers:	10.1007/0-387-27931-8 [DOI]
Classification:	Finanzwissenschaft ; Währung
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013520414