Boldea, Otilia; Engwerda, Jacob; Michalak, T.; … - Tilburg University, Center for Economic Research - 2011
This paper analyzes some pros and cons of a monetary union for the ASEAN1 countries, excluding Myanmar. We estimate a stylized open-economy dynamic general equilibrium model for the ASEAN countries. Using the framework of linear quadratic differential games, we contrast the potential gains or...
