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Dynamic modeling of monetary and fiscal cooperation among nations / by Joseph Plasmans ... [and others].
- Format:
- Book
- Series:
- Dynamic modeling and econometrics in economics and finance ; v. 8.
- Dynamic modeling and econometrics in economics and finance ; v. 8
- Language:
- English
- Subjects (All):
- Intergovernmental fiscal relations.
- Monetary unions.
- Physical Description:
- xvi, 324 pages : illustrations ; 25 cm.
- Place of Publication:
- Dordrecht : Springer, [2006]
- Summary:
- 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.
- Notes:
- Index inserted.
- Includes bibliographical references (pages 309-319) and index.
- ISBN:
- 0387278842
- 0387279318
- OCLC:
- 68629225
- Publisher Number:
- 9780387278841
- 9780387279312
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