Publish Date: 2006
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The first four chapters introduce the reader to the dynamics of fiscal and monetary policy cooperation. Issues covered include: fiscal coordination, fiscal stringency requirements, structural and bargaining power asymmetries and the design of monetary and fiscal policymaking in a monetary union. In the four last chapters multiple-player settings with aspects of fiscal and/or monetary coordination are analyzed using the endogenous coalition formation approach. The analysis is focused on shock and model asymmetries and issues of multi-country coordination in the presence of (possibly many) monetary unions.
Subject: Business and Economics, Cooperation, Dynamic, Fiscal, Modeling, Monetary, Plasmans, Policy, areas, coalition, control, coordination, currency, endogenous, formation, game, international, macroeconomic, optimal, parapluprod, theory