Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75561 
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper No. 262
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper analyzes the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and cooperative Nash bargaining solutions are determined under various assumptions about r ationing regimes in goods and labor markets and structural characteristics of the economies involved.
Document Type: 
Working Paper
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