Blueschke, Dmitri and Weyerstrass, KlausORCID: https://orcid.org/0000-0002-5659-8991
(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.
DOI: 10.3726/978-3-653-06369-1
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Abstract
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 |
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Date Deposited: | 09 Jan 2017 12:41 |
Last Modified: | 03 Jul 2019 12:24 |
DOI: | 10.3726/978-3-653-06369-1 |
ISBN: | 978-3-631-66900-6 |
URI: | https://irihs.ihs.ac.at/id/eprint/4152 |
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