La struttura delle preferenze nel coordinamento delle politiche economiche: un caso a cambi fissi - The Role of the Preference Structure in the Coordination of Economic Policies: A Fixed Exchange Rate Case

Catia Montagna

Economia Internazionale / International Economics, 1990, vol. 43, issue 1, 15-33

Abstract: The growing degree of interdependence between the EEC member countries which arises from the process of market unification, implies a reduction of the autonomy of national policy makers in pursuing their economic policy targets and the presence of conflicts between national objectives. A number of studies focus on the achievement of economic policy coordination as a means of overcoming these problems within a strategies game theoretical framework. One of the crucial results implied by these studies is treat the preference structure of the policy makers with respect to their targets is important in determining the outcome of the game. This paper focuses on this aspect of the problem and provides an explicit analytical demonstration of the two country model originality proposed by Hamada (1976). This model, set in a static framework, shows clearly the importance of the preferences of each government f or the definition of its economic policy strategy. The paper concludes by providing some critical considerations of the main features on this literature.

Date: 1990
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0502

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().