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Atlantic Economic Journal

, Volume 22, Issue 4, pp 63–70 | Cite as

Monetary policy in interdependent economies: A game theoretic approach Matthew B. Canzoneri and Dale W. Henderson MIT Press, 1991, 133 pp.

  • Christopher J. Waller
Book Review Article

Abstract

This article reviews the recent book by Matthew Canzoneri and Dale Henderson on international monetary policy. The review discusses the basic model used by the authors to illustrate the welfare losses that arise as a result of non-cooperative behavior and the proposed solutions for moving closer to the socially optimal cooperative solutions. The proposed solutions are then examined in detail and the reviewer asks whether these solutions accurately describe the way he believes cooperation has occurred in the last two decades. Finally, this work is compared to recent research on policy cooperation that does not have game-theoretic foundations.

Keywords

Monetary Policy Theoretic Approach International Economic Public Finance Recent Book 
These 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.

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Copyright information

© Atlantic Economic Society 1994

Authors and Affiliations

  • Christopher J. Waller
    • 1
  1. 1.Indiana UniversityUSA

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