Publication: Optimal decision rules in a monetary un...
Master data
| Title: | Optimal decision rules in a monetary union |
| Subtitle: | |
| Abstract: | This paper develops a dynamic game model to study strategic interactions between the decision-makers in a monetary union. In such a union, governments of the participation countries pursue national goal when deciding on fiscal policies, whereas the common central bank’s monetary policy aims at union-wide objective variables. Considering the example of a negative demand shock, we show how different solution concepts for the dynamic game between the common central bank and the national governments can be used as models of a conflict between national and supra-national institutions (noncooperative Nash equilibrium) and of coordinated policy-making (cooperative Pareto solutions). |
| Keywords: |
| Publication type: | Article in compilation (Authorship) |
| Publication date: | 2003 (Print) |
| Published by: |
Operations Research Proceedings 2002
Operations Research Proceedings 2002
(
Springer Verlag GmbH;
Leopold-Wildburger U., Rendl F., Waescher G
)
to publication |
| Title of the series: | - |
| Volume number: | - |
| First publication: | Yes |
| Version: | - |
| Page: | pp. 437 - 445 |
Versionen
| Keine Version vorhanden |
| Publication date: | |
| ISBN (e-book): | - |
| eISSN: | - |
| DOI: | http://dx.doi.org/10.1007/978-3-642-55537-4_71 |
| Homepage: | - |
| Open access |
|
| Publication date: | 2003 |
| ISBN: |
|
| ISSN: | 0721-5924 |
| Homepage: | http://link.springer.com/chapter/10.1007/978-3-642-55537-4_71 |
Authors
Assignment
| Organisation | Address | ||||
|---|---|---|---|---|---|
|
Fakultät für Wirtschafts- und Rechtswissenschaften
Institut für Volkswirtschaftslehre
|
AT - A-9020 Klagenfurt |
Categorisation
| Subject areas | |
| Research Cluster | No research Research Cluster selected |
| Peer reviewed |
|
| Publication focus |
Classification raster of the assigned organisational units:
|
| working groups | No working group selected |
Cooperations
Research activities
| Projects: |
|
| Publications: |
|
| Events: |
|
| Lectures: |
|