Fighting Inflation in Politically Unstable Regions: Assessing the effects of regional monetary integration

Simple item page
dc.contributor.advisorBohn, F.
dc.contributor.authorWeekers, Jim
dc.date.issued2017-08-30
dc.description.abstractHigh inflation stagnates economic performance in politically unstable countries. In this study we look into causal mechanisms affecting the commitment of governments to long-run inflationary policies. In specific, we are interested in the potential effects of regional monetary integration on the optimization strategy by national governments. By using a theoretical analytical approach we found that an increase in output due to economic integration does not alter the optimal policy from cooperative to reneging or vise versa. It does, however, amplifies the payoff of following either strategy, making the government more anchored in their original strategy choice. If monetary integration has a moderating effect on the tendency to create inflation, it is more likely to be through norm-setting rather than through a change in incentives. Keywords: Inflationary Policies; Political Monetary Cycle; Political Economy; Monetary Integration; Time-Inconsistency.en_US
dc.identifier.urihttp://theses.ubn.ru.nl/handle/123456789/4911
dc.language.isofren_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationInternational Economics & Developmenten_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleFighting Inflation in Politically Unstable Regions: Assessing the effects of regional monetary integrationen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Master_Thesis_Jim_Weekers.pdf
Size:
556.53 KB
Format:
Adobe Portable Document Format
Download
Collections
Faculteit der Managementwetenschappen