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AA00260492-19990001-0039.pdf
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Download
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:664.7 KB
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| Last updated |
:Dec 26, 2009 |
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: 1446 |
Total downloads since Dec 26, 2009 : 1446
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| Title |
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THE INTERNATIONAL COORDINATION OF MONETARY POLICY: A GAME-THEORETIC REFORMULATION
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LAMBERTINI, Luca
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Dipartimento di Scienze Economiche, Universita degli Studi di Bologna
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Keio Economic Society, Keio University
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1999
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Keio economic studies
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36
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1
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1999
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| Start page |
39
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49
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| Abstract |
This paper reformulates the issue of the international coordination of monetary policy in the framework of an extended game with observable delay, where governments are required to set the timing of their respective actions before proceeding to the actual choice of their monetary policies. This allows to fully characterise the set of subgame perfect equilibria.
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