TY  - BOOK
AU  - Plasmans,Joseph
AU  - Engwerda,Jacob
AU  - van Aarle,Bas
AU  - di Bartolomeo,Giovanni
AU  - Michalak,Tomasz
ED  - SpringerLink (Online service)
TI  - Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations
T2  - Dynamic Modeling and Econometrics in Economics and Finance,
SN  - 9780387279312
U1  - 337.142 23
PY  - 2006///
CY  - Boston, MA
PB  - Springer US
KW  - ECONOMICS
KW  - EUROPE
KW  - ECONOMIC POLICY
KW  - MACROECONOMICS
KW  - ECONOMICS, MATHEMATICAL
KW  - ECONOMICS/MANAGEMENT SCIENCE
KW  - EUROPEAN INTEGRATION
KW  - MACROECONOMICS/MONETARY ECONOMICS
KW  - ECONOMIC SYSTEMS
KW  - GAME THEORY/MATHEMATICAL METHODS
KW  - OPERATIONS RESEARCH/DECISION THEORY
N1  - International Policy Coordination -- Mathematical Background -- The Basic Symmetric Two-Country Model -- An MU Model with Active Monetary Policy -- Endogenous Coalition Formation Concepts -- A Multi-Country Closed-Economy MU Model -- Accession to a Monetary Union -- World-wide Regional Policy Coordination -- Concluding Remarks
N2  - Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy cooperation. Issues covered include: fiscal coordination, fiscal stringency requirements, structural and bargaining power asymmetries and the design of monetary and fiscal policymaking in a monetary union. In the four last chapters multiple-player settings with aspects of fiscal and/or monetary coordination are analyzed using the endogenous coalition formation approach. The analysis is focused on shock and model asymmetries and issues of multi-country coordination in the presence of (possibly many) monetary unions
UR  - http://dx.doi.org/10.1007/0-387-27931-8
ER  -