Maintaining an open economy within certain bounds on inflation, output gap and exchange rate can help sustainable economic development. Macroeconomics proposes monetary-policy models that describe evolution of the above quantities. We use one such model, constituted by a four-metastate...

A standard Ak-model of endogenous growth has been extended to allow for an intertemporal conflict between capitalists and workers. For the dynamic game thus obtained, an equilibrium solution in feedback Nash (Markovian) strategies have been computed. However, many equilibria in trigger...