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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/844

タイトル: Financial Policies and Dynamic Game Simulation in Poland and Hungary
著者: Yoshino, Hisao
吉野, 久生
キーワード: East Europe
Monetary policy
Game theory
Macro-econometric model
Reaction function
Money supply
Central bank
Issue Date: Mar-2009
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 187. 2009. 03
抄録: Recently, steady economic growth rates have been kept in Poland and Hungary. Money supplies are growing rather rapidly in these economies. In large, exchange rates have trends of depreciation. Then, exports and prices show the steady growth rates. It can be thought that per capita GDPs are in the same level and development stages are similar in these two countries. It is assumed that these two economies have the same export market and export goods are competing in it. If one country has an expansion of monetary policy, price increase and interest rate decrease. Then, exchange rate decrease. Exports and GDP will increase through this phenomenon. At the same time, this expanded monetary policy affects another country through the trade. This mutual relationship between two countries can be expressed by the Nash-equilibrium in the Game theory. In this paper, macro-econometric models of Polish and Hungarian economies are built and the Nash- equilibrium is introduced into them.
URI: http://hdl.handle.net/2344/844
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/ロシア・東欧・中央アジア(Russian,Eastern Europe and Central Asian Studies)

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