DocumentCode
1751426
Title
Modeling and control of economies in the European Monetary Union
Author
Behrens, Doris A.
Author_Institution
Dept. of Econ., Klagenfurt Univ., Austria
Volume
2
fYear
2001
fDate
2001
Firstpage
1077
Abstract
The paper shows how to use a stylized game-theoretic model of the European Monetary Union to obtain insights about policy recommendations for decision-makers in the European Central Bank and the governments in Euroland. By means of the OPTGAME 2.0 algorithm, we explain why different solution concepts for the dynamic game between the ECB and the national fiscal policies result in conflicts and how they can be resolved
Keywords
computer games; decision theory; economic cybernetics; economics; game theory; government policies; ECB; Euroland; European Central Bank; European Monetary Union; OPTGAME 2 algorithm; decision-makers; dynamic game; economy modeling; national fiscal policies; policy recommendations; stylized game-theoretic model; Centralized control; Contracts; Councils; Finance; Game theory; Government; Mechanical factors; Neck; Optimal control; Software packages;
fLanguage
English
Publisher
ieee
Conference_Titel
American Control Conference, 2001. Proceedings of the 2001
Conference_Location
Arlington, VA
ISSN
0743-1619
Print_ISBN
0-7803-6495-3
Type
conf
DOI
10.1109/ACC.2001.945863
Filename
945863
Link To Document