Lambertini, Luca
(1998)
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation.
DOI 10.6092/unibo/amsacta/780.
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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 govern-ments are required to set the timing of their respective actions before proceeding to the actual choice of their monetary policies. This allows to shrink significantly the set of equilibria.
Abstract