Game of Thrones: Accommodating Monetary Policies in a Monetary Union

Game of Thrones: Accommodating Monetary Policies in a Monetary Union

In this paper, we present an application of the dynamic tracking games framework to a monetary union. We use a small stylized nonlinear three-country macroeconomic model of a monetary union to analyze the interactions between fiscal (governments) and monetary (common central bank) policy makers, ass...

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Bibliographic Details
Main Authors: Dmitri Blueschke, Reinhard Neck
Format: Article
Language:English
Published: MDPI AG 2018-02-01
Series:Games
Subjects:
dynamic game
feedback Nash equilibrium
Pareto solution
monetary union
macroeconomics
public debt
coalitions
Online Access:http://www.mdpi.com/2073-4336/9/1/9

Internet

http://www.mdpi.com/2073-4336/9/1/9

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