Why macroeconomic coordination may not be possible in a monetary union: A game theoretic approach

The Journal of Economic Asymmetries - Tập 13 - Trang 69-73 - 2016
George D. Demopoulos1, Nicholas A. Yannacopoulos2
1Athens University of Economics and Business, 76 Patission Str, 104 34 Athens, Greece
2University of Piraeus, Greece

Tài liệu tham khảo

Alessandrini, 2014, External imbalances and fiscal fragility in the Euro area, Open Economies Review, 25, 3, 10.1007/s11079-013-9305-5 Bohm-Bawerk, 1891 Bondareva, 1963, Some applications of linear programming methods to the theory of cooperative games (in Russian), Problemy Kibernetiki, 10, 119 Cassel, 1932 De Grauwe, 1993, 111 De Grauwe, 2013, The creditor nations rule in the eurozone Demopoulos, 2001, On the optimality of a currency area of a given size, Journal of Policy Modeling, 23, 17, 10.1016/S0161-8938(00)00033-8 Dornbusch, 1980 Edgeworth, 1881 Eichengreen, 2012, Implications of the Euro's crisis for international monetary reform, Journal of Policy Modeling, 34, 541, 10.1016/j.jpolmod.2012.05.007 Feldstein, 2013, Coordination in the European Union, Journal of Policy Modeling, 35, 434, 10.1016/j.jpolmod.2013.03.007 Hallett, 2007, Fiscal leadership and central bank design, Canadian Journal of Economics, 40, 602, 10.1111/j.1365-2966.2007.00423.x Kenen, 1969, The theory of optimum currency area: an eclectic view Keynes, 1980, Activities 1940–44: shaping the post war world: the clearing union, XXV Lerner, 1944 Lucas, 1992, Von Neumann-Morgenstern stable sets, I McKinnon, 1963, Optimum currency areas, American Economic Review, 53, 717 Mundel, 1961, A theory of optimum currency areas, American Economic Review, 51, 657 Shapley, 1967, On balanced sets and cores, Naval Research Logistics Quarterly, 14, 453, 10.1002/nav.3800140404 Shapley, L.S. & Shubik, M. (1973). Characteristic functions, core and stable sets. In Game theory in economics. A report prepared under a grant from National Science Foundation: The Rand Corporation. Skidelsky, 2010 Yannacopoulos, 2014, Currency areas as games