| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2467 |
| 来源ID | Working Paper 2467 |
| Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies | |
| Stephen J. Turnovsky; Tamer Basar; Vasco d'; Orey | |
| 发表日期 | 1987-12-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | This paper develops strategic monetary policies using a standard two-country macro model under flexible exchange rates. The equilibria considered include feedback Nash and feedback Stackelberg, both of which are compared to the Pareto optimal cooperative equilibrium. The optimal policies are obtained as feedback rules in which real money supplies are adjusted to movements in the real exchange rate. The properties of these policies and their welfare implications are analyzed using numerical simulations. The contrast in the present results with those obtained previously for a short-run horizon suggest the importance of both intertemporal and intratemporal tradeoffs in the determination of optimal strategic policies. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2467 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559723 |
| 推荐引用方式 GB/T 7714 | Stephen J. Turnovsky,Tamer Basar,Vasco d',et al. Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2467.pdf（389KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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