The papers collected in this volume provide new insights into some important problems of monetary theory and contribute significantly to the development of a new area based on monetary policy games. In Part I the reader will find new results on some specific topics of monetary theory, which are...

A partial two country equilibrium model is built in which two different exogenous random shocks may occur. The governments simultaneously choose tariff functions relating their specific tariff to the level of an observable variable (volume of trade or international price). In the case of a...

[eng] Optimal adjustment policies of a small open indebted economy : an introduction. . Optimal control of economies with external debt above its long run target level is studied and time-inconsistent and time-consistent optimal policies are derived successively. Every optimal policy entails...

[fre] Financement de la croissance avec information asymétrique et investissement aléatoire. . À l'aide d'un modèle de croissance endogène avec asymétrie d'information et intermédiation financière, nous montrons qu'il peut exister une multiplicité d'équilibres avec anticipations...