Monetary Unions: The Policy Coordination Issue
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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- Kohler, Marion, 2002.
"Coalition formation in international monetary policy games,"
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- Engwerda, J.C. & van Aarle, B. & Plasmans, J.E.J., 2002.
"Cooperative and non-cooperative fiscal stabilization policies in the EMU,"
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2cc19f3f-16ad-4fed-a701-5, Tilburg University, School of Economics and Management.
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"Staying Together or Breaking Apart: Policy-makers’ Endogenous Coalitions Formation in the European Economic and Monetary Union,"
CESifo Working Paper Series
748, CESifo Group Munich.
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- 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.
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377, The Research Institute of the Finnish Economy.
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