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Persistent link: https://www.econbiz.de/10005068119
In order to analyze successful strategies for economic policy in a global environment both international interdependencies and the strategic behavior of “global players†must be considered. We use a global model of the world economy (the MSG2 Model) to show the effects of dynamic...
Persistent link: https://www.econbiz.de/10005678819
In this paper, we consider a dynamic game model of two identical countries. Policy-makers of both countries have quadratic intertemporal objective functions and want to stabilize domestic output, domestic inflation, and the real rate of exchange. We present different analytical and numerical...
Persistent link: https://www.econbiz.de/10005678856