B. van Aarle (Belgium,The Netherlands), G. Di Bartolomeo (Belgium,Italy), J. Engwerda (The Netherlands), and J. Plasmans (Belgium,The Netherlands)
Macroeconomic stabilization, coalitions, LQ differential games.
In this paper we build a three-country dynamic model of a monetary union (MU), where we focus on how coalitions among policy-makers are formed and what are their effects on the stabilization of output and price. Some preliminary results based on numerical simulations are provided.
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