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.
General
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