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Book chapters (2001), EMU, Financial Markets and the World Economy, Kluwer Academic Publishers, pp. 73-90

A Game Theoretical Approach to Monetary Policy: What Strategy for the ECB?

The objective of this paper is to develop a game theoretical model in an open economy, that emphasizes the signals sent by central banks about their exchange rate policy. The model is developed in a finite then an infinite horizon framework. Policy implications are derived.

FOURÇANS, A. and WARIN, T. (2001). A Game Theoretical Approach to Monetary Policy: What Strategy for the ECB? In: EMU, Financial Markets and the World Economy. 1st ed. Kluwer Academic Publishers, pp. 73-90.