| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2604 |
| 来源ID | Working Paper 2604 |
| The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty | |
| Stephen J. Turnovsky; Vasco d'; Orey | |
| 发表日期 | 1988-06-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the choice of monetary instrument in a stochastic two country setting where each country's set of monetary policy instruments includes both the money supply and the interest rate. It shows how the optimal choice of instrument is determined In two stages. First, for each pair, the minimum welfare coat for each economy is determined This defines a par of payoff matrices and the second stage involves determining the Nash equilibrium for this bimatrix game. In our illustrative example for the alternative shocks considered, a dominant Nash equilibrium is always obtained. |
| 主题 | International Economics |
| URL | https://www.nber.org/papers/w2604 |
| 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/559862 |
| 推荐引用方式 GB/T 7714 | Stephen J. Turnovsky,Vasco d',Orey. The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty. 1988. |
| 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 | ||
| w2604.pdf（484KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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