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Monetary Unions: The Policy Coordination Issue

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Author Info
Giovanni Di Bartolomeo (Public Economics Department, University of Rome La Sapienza)
Jacob Engwerda (Department of Econometrics, Tilburg University)
Joseph Plasmans (Faculty of Applied Economics UFSIA-RUCA, University of Antwerp)
Bas van Aarle (Faculty of Economics LICOS, Catholic University of Leuven)

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Abstract

In this paper we build a three-country dynamic model of a monetary union (MU), where we focus on how coalitions among policy-makers are formed and what are their effects on the stabilization of output and price. Some preliminary results based on numerical simulations are provided.

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File URL: http://129.3.20.41/eps/mac/papers/0504/0504023.pdf
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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number 0504023.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 6 pages
Date of creation: 16 Apr 2005
Date of revision:
Handle: RePEc:wpa:wuwpma:0504023

Note: Type of Document - pdf; pages: 6
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Web page: http://129.3.20.41

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Related research
Keywords: Macroeconomic stabilization coalitions LQ differential games.

Find related papers by JEL classification:
E - Macroeconomics and Monetary Economics

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Giovanni Di Bartolomeo & Jacob Engwerda & Joseph Plasmans & Bas van Aarle, 2003. "Staying Together or Breaking Apart: Policy-Makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union," Macroeconomics 0301002, EconWPA. [Downloadable!]
    Other versions:
  2. Widgren, Mika, 1994. "Voting power in the EC decision making and the consequences of two different enlargements," European Economic Review, Elsevier, vol. 38(5), pages 1153-1170, May. [Downloadable!] (restricted)
  3. Engwerda, Jacob C. & van Aarle, Bas & Plasmans, Joseph E. J., 2002. "Cooperative and non-cooperative fiscal stabilization policies in the EMU," Journal of Economic Dynamics and Control, Elsevier, vol. 26(3), pages 451-481, March. [Downloadable!] (restricted)
  4. Kohler, Marion, 2002. "Coalition formation in international monetary policy games," Journal of International Economics, Elsevier, vol. 56(2), pages 371-385, March. [Downloadable!] (restricted)
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  5. Carlo Carraro, 1997. "Modelling International Policy Games: Lessons from European Monetary Coordination," Empirica, Springer, vol. 24(3), pages 163-177, October. [Downloadable!] (restricted)
  6. Reinhard Neck & Engelbert Dockner, 1995. "Commitment and coordination in a dynamic game model of international economic policy-making," Open Economies Review, Springer, vol. 6(1), pages 5-28, January. [Downloadable!] (restricted)
  7. Yi, Sang-Seung, 1997. "Stable Coalition Structures with Externalities," Games and Economic Behavior, Elsevier, vol. 20(2), pages 201-237, August. [Downloadable!] (restricted)
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