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Focusing on the strategic interactions between monetary and fiscal policies in Europe and America, this book explores how policymakers can address economic challenges like inflation and unemployment through various models. It examines the effects of different shocks—demand, supply, regional, and common—on policy outcomes, emphasizing Nash equilibrium and the potential for policy cooperation to mitigate losses. Numerous numerical examples illustrate these concepts, contributing to a broader research project on the European Monetary Union, with insights shared at various international economic conferences.
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Monetary and Fiscal Strategies in the World Economy, Michael Carlberg
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- 2014
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