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- W2477736061 abstract "Problems of international economic policy are analysed in the recent literature with the help of instruments borrowed from game theory. The degree of sophistication of these analyses has been increasing, particularly with respect to the application of repeated or dynamic games and to the related issues of the time consistency of policy decisions and the consequences for the authorities’ reputation that follow from abandoning precommitted paths of economic policy. The analytical rigour in dealing with these issues has probably exceeded their practical significance, while less attention has thereby been paid to aspects that are more realistic and of greater importance in actual policy-making.KeywordsExchange RateMonetary PolicySocial Welfare FunctionMonetary AuthorityTariff RateThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W2477736061 date "1989-01-01" @default.
- W2477736061 modified "2023-09-25" @default.
- W2477736061 title "International Co-operation of Monetary Policies and Confrontation of Commercial and Financial Policies: An Application to US-EC Relations and to Problems of the European Monetary System" @default.
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- W2477736061 doi "https://doi.org/10.1007/978-1-349-19678-4_8" @default.
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