TY - BOOK ID - 7763201 TI - Monetary and fiscal strategies in the world economy PY - 2010 SN - 3642104754 3642104770 3642104762 9786612832277 3642424031 1282832271 PB - Berlin ; Heidelberg : Springer-Verlag, DB - UniCat KW - Monetary policy -- Europe, Central. KW - Monetary policy -- Europe, Eastern. KW - Monetary policy KW - Fiscal policy KW - Globalization KW - International economic relations KW - Business & Economics KW - Finance KW - Economic Theory KW - Money KW - Economic aspects KW - Monetary policy. KW - Fiscal policy. KW - Tax policy KW - Taxation KW - Monetary management KW - Government policy KW - Macroeconomics. KW - International economics. KW - Economic policy. KW - Economics. KW - Macroeconomics/Monetary Economics//Financial Economics. KW - International Economics. KW - Economic Policy. KW - Economic policy KW - Finance, Public KW - Currency boards KW - Money supply KW - Economic nationalism KW - Economic planning KW - National planning KW - State planning KW - Economics KW - Planning KW - National security KW - Social policy KW - Economic policy, Foreign KW - Economic relations, Foreign KW - Economics, International KW - Foreign economic policy KW - Foreign economic relations KW - Interdependence of nations KW - International economic policy KW - International economics KW - New international economic order KW - International relations KW - Economic sanctions KW - Etats-Unis d'Amérique. KW - Amerika. KW - Europa. UR - https://www.unicat.be/uniCat?func=search&query=sysid:7763201 AB - This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples. ER -