EuroMod: a macroeconomic model of a “mini Euro area”

Blueschke, Dmitri and Weyerstrass, Klaus (2016) EuroMod: a macroeconomic model of a “mini Euro area”. In: Wohlgemuth, Norbert and Blueschke, Dmitri, (eds.) Wirtschaftspolitik im Wandel der Zeit. Festschrift für Reinhard Neck zum 65. Geburtstag. Frankfurt am Main, Wien u.a.: Peter Lang, pp. 181-199.

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Abstract or Table of Contents

In this paper we apply the dynamic games framework to a monetary union. We use a small nonlinear four-country macroeconomic model of an economic and monetary union (EuroMod) for analysing the interactions between the fiscal policy-makers and the central bank, assuming different objective functions of these decision makers. Using the OPTGAME algorithm we calculate solutions for two game strategies: one cooperative (Pareto optimal) and one non-cooperative game type (the Nash game for the feedback information pattern). (author's abstract)

Item Type: Book Contribution
Research Groups: Macroeconomics and Public Finance
Status: Published
Date Deposited: 09 Jan 2017 12:41
Last Modified: 09 Jan 2017 12:41
URI: http://irihs.ihs.ac.at/id/eprint/4152

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