The Basic Symmetric Two-Country Model

Joseph Plasmans, Jacob Engwerda, Bas van Aarle, Giovanni Di Bartolomeo () and Tomasz Michalak
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Joseph Plasmans: University of Antwerp, Belgium and Tilburg University
Tomasz Michalak: University of Antwerp

A chapter in Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations, 2006, pp 85-110 from Springer

Abstract: This chapter presents a dynamic symmetric two-country model of a Monetary Union (MU). This model features short-term nominal rigidities, thus creating scope for active stabilization policies. To focus on the design and effects of fiscal policies in an MU, monetary policy is held fixed in this chapter. Three basic questions are focussed upon:

Keywords: Monetary Policy; Real Interest Rate; Welfare Loss; Monetary Union; Nominal Interest Rate (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-0-387-27931-2_3

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DOI: 10.1007/0-387-27931-8_3

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