English, Article, Journal or magazine article edition: Internal and External Policy Coordination: a Dynamic Analysis Fabrice Capoen; Pierre Villa

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Bookmark: http://trove.nla.gov.au/version/159517
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Internal and External Policy Coordination: a Dynamic Analysis
Author
  • Fabrice Capoen
  • Pierre Villa
Physical Description
  • preprint
Notes
  • We study in a dynamic framework the conflict between government and the central bank with respect to the exchange rate regime, the nature of the expectations of prices and exchange rate regimes (flexible, fixed, EMU), convergence criteria such as the public debt/​GDP ratio. The method consists in calculating Perfect Nash Equilibria between authorities and then modelling "internal and external co-ordination" by a Dynamic Nash-Bargaining procedure.
  • EXCHANGE RATE; PRICES; CENTRAL BANKS; GOVERNMENT
  • RePEc:cii:cepidt:1997-15
Language
  • English
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