PITTALUGA, Giovan Battista; SEGHEZZA, Elena - In: Rivista Internazionale di Scienze Sociali 112 (2004) 1, pp. 47-78
In a mode1 à la Rogoff, with independent fiscal (AF) and monetary (AM) authority, the Nash equilibrium is characterized by an infiation rate and by a fiscal surplus lower than the ones desired by the two authorities. In the contract of performance approach, the coordination problem between...