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| Author: | Hallett, A.H. Petit, M. L. |
| Title: | Cohabitation or forced marriage? A study of the costs of failing to coordinate fiscal and monetary policies |
| Journal: | Weltwirtschaftliches Archiv
1990 : VOL. 126:4, p. 662-690 |
| Index terms: | MONETARY POLICY FISCAL POLICY GAME THEORY |
| Language: | eng |
| Abstract: | The article uses dynamic game theory to calculate the efficient tradeoff between output and inflation and to explore the differences in the policy possibility frontiers which arise as the result of cooperative policy making by the treasury and the central bank. An empirical case based on the model of the Italian economy is also presented. |
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