Essec\Faculty\Model\Contribution {#2205
  #_index: "academ_contributions"
  #_id: "4581"
  #_source: array:26 [
    "id" => "4581"
    "slug" => "euroland-versus-usa-a-theoretical-framework-for-monetary-strategies"
    "yearMonth" => "2000-05"
    "year" => "2000"
    "title" => "Euroland Versus USA: A Theoretical Framework for Monetary Strategies"
    "description" => "FOURÇANS, A. et WARIN, T. (2000). Euroland Versus USA: A Theoretical Framework for Monetary Strategies. Dans: <i>Globalization in the 21st Century</i>. International Trade and Finance Association (ITFA), pp. 249-261."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "FOURÇANS André"
        "bid" => "B00000199"
        "slug" => "fourcans-andre"
      ]
      1 => array:1 [
        "name" => "WARIN T."
      ]
    ]
    "ouvrage" => "Globalization in the 21st Century"
    "keywords" => []
    "updatedAt" => "2021-04-19 17:57:25"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "249-261"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Actes d'une conférence"
      "en" => "Conference Proceedings"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'objectif de cet article est d'étudier les stratégies monétaires possibles des Etats-Unis et de l'Europe, notamment en fonction du taux de change euro/dollar. On le fait à partir d'un modèle de jeux à horizons fini et infini. Dans le premier cas (horizon fini), l'optimum de Pareto n'est atteint que si les deux joueurs sont d'accord pour ne pas chercher à tromper leurs anticipations respectives. Dans le deuxième cas (horizon infini), l'intérêt des joueurs est d'envoyer un signal clair et fort à l'autre quant à sa stratégie propre. L'analyse débouche sur des propositions de stratégie optimale de la BCE par rapport à la Fed."
      "en" => "The aim of this article is to study the various possible strategies of both American and European monetary policy makers, especially with respect to the euro-dollar exchange rate. For that, we use a game theoretical approach, first with a finite horizon, second, with an infinite one. First, in the finite horizon case, an optimal Pareto solution can only be attained if both players mutually agree not to disrup each other's expectations on the exchange rate. Secondly, in the infinite horizon situation, it is in the interest of each player to address a clear and strong signal to the other about its own strategy. This result leads to some propositions as to the optimal of the European Central Bank with respect to the Federal reserve system."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-04-24T23:22:16.000Z"
    "docTitle" => "Euroland Versus USA: A Theoretical Framework for Monetary Strategies"
    "docSurtitle" => "Actes d'une conférence"
    "authorNames" => "<a href="/cv/fourcans-andre">FOURÇANS André</a>, WARIN T."
    "docDescription" => "<span class="document-property-authors">FOURÇANS André, WARIN T.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2000</span>"
    "keywordList" => ""
    "docPreview" => "<b>Euroland Versus USA: A Theoretical Framework for Monetary Strategies</b><br><span>2000-05 | Actes d'une conférence </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Euroland Versus USA: A Theoretical Framework for Monetary Strategies</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.475953
  +"parent": null
}