The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
Luca Lambertini ()
Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna
Abstract:
This paper reformulates the issue of the international coordination of monetary policy in the framework of an extended game with observable delay, where governments are required to set the timing of their respective actions before proceeding to the actual choice of their monetary policies. This allows to shrink signi cantly the set of equilibria.
Date: 1996-03
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:250
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