Dynamic Modeling Of Monetary And Fiscal Cooperation Among Nations 1st Edition Joseph Ejk Plasmans Jacob Engwerda Bas Van Aarle Giovanni Di Bartolomeo Tomasz Michalak by Joseph E.j.k Plasmans; Jacob Engwerda; Bas Van Aarle; Giovanni Di Bartolomeo; Tomasz Michalak 9780387278841, 9780387279312, 0387278842, 0387279318 instant download after payment.

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.