MONETARY UNIONS: THE POLICY COORDINATION ISSUE

Giovanni Di Bartolomeo (), Jacob Engwerda (), Joseph E. Plasmans () and Bas van Aarle ()

Macroeconomics from EconWPA

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.

Keywords: Macroeconomic stabilization; coalitions; LQ differential games. (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Date: 2005-04-16
Note: Type of Document - pdf; pages: 6
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0504023

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