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Game of Thrones: Accommodating Monetary Policies in a Monetary Union

In this paper, we present an application of the dynamic tracking games framework to a monetary union. We use a small stylized nonlinear three-country macroeconomic model of a monetary union to analyze the interactions between fiscal (governments) and monetary (common central bank) policy makers, ass...

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Principais autores: Dmitri Blueschke, Reinhard Neck
Formato: Artigo
Idioma:Inglês
Publicado em: MDPI AG 2018-02-01
coleção:Games
Assuntos:
dynamic game
feedback Nash equilibrium
Pareto solution
monetary union
macroeconomics
public debt
coalitions
Acesso em linha:http://www.mdpi.com/2073-4336/9/1/9
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