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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- VAN AARLE, Bas & DI BARTOLOMEO, Giovanni & ENGWERDA, Jacob & PLASMANS, Joseph, 2002.
"Staying together or breaking apart: Policy-makers' endogenous coalitions formation in the European economic and monetary Union,"
2002013, University of Antwerp, Faculty of Applied Economics.
- Bas van Aarle & Giovanni Di Bartolomeo & Jacob Engwerda & Joseph Plasmans, 2002. "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.
- 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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