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Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy cooperation. Issues covered include: fiscal coordination, fiscal stringency requirements, structural and bargaining power asymmetries and the design of monetary and fiscal policymaking in a monetary union. In the four last chapters multiple-player settings with aspects of fiscal and/or monetary coordination are analyzed using the endogenous coalition formation approach. The analysis is focused on shock and model asymmetries and issues of multi-country coordination in the presence of (possibly many) monetary unions.

Intergovernmental fiscal relations. --- International relations. --- Coexistence --- Foreign affairs --- Foreign policy --- Foreign relations --- Global governance --- Interdependence of nations --- International affairs --- Peaceful coexistence --- World order --- National security --- Sovereignty --- World politics --- Federal-state fiscal relations --- Fiscal relations, Intergovernmental --- State-local fiscal relations --- Federal government --- Finance, Public --- Local finance --- Law and legislation --- European Economic Community lite. --- Macroeconomics. --- Economics. --- Economic theory. --- Operations research. --- European Integration. --- Macroeconomics/Monetary Economics//Financial Economics. --- Political Economy/Economic Systems. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economics --- European Economic Community literature. --- Economic policy. --- Decision making. --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- Social policy --- Decision making

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Investments --- Production functions (Economic theory). --- Mathematical models.

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