Alternative policies mixed for Poland analyzed with the use of game methods

Kruś, Lech; Woroniecka-Leciejewicz, Irena

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Title: Alternative policies mixed for Poland analyzed with the use of game methods

Abstract:

The paper deals with analysis of alternative monetary-fiscal policies for Poland. The analysis is made with the use of noncooperative game describing mutual interactions of policies carried on by the monetary authority and the fiscal authority. In the paper a respective monetary-fiscal game is formulated. A recursive dynamic econometric model for Poland is proposed. It is used to calculate payoffs of the monetary authority and the fiscal authority treated as players in the game. The model is constructed using ideas of the New Neoclassical Synthesis (NNS) modeling including extensions describing influences of the fiscal policy. The model has been estimated using time series 2000-2014 for Poland. The paper presents simulation experiments in which results of tha game are compared to the real historical policies and results of the policies in two time periods for Poland: 2004-2005 and 2008-2009.

Relation:

Raport Badawczy = Research Report

Detailed Resource Type:

Raport

Resource Identifier:

oai:rcin.org.pl:144807

Source:

RB-2017-33

Language:

eng

Language of abstract:

eng

Rights:

Licencja Creative Commons Uznanie autorstwa 4.0

Terms of use:

Zasób chroniony prawem autorskim. [CC BY 4.0 Międzynarodowe] Korzystanie dozwolone zgodnie z licencją Creative Commons Uznanie autorstwa 4.0, której pełne postanowienia dostępne są pod adresem: ; -

Digitizing institution:

Instytut Badań Systemowych Polskiej Akademii Nauk

Original in:

Biblioteka Instytutu Badań Systemowych PAN

Projects co-financed by:

Program Operacyjny Polska Cyfrowa, lata 2014-2020, Działanie 2.3 : Cyfrowa dostępność i użyteczność sektora publicznego; środki z Europejskiego Funduszu Rozwoju Regionalnego oraz współfinansowania krajowego z budżetu państwa

Access:

Otwarty

Subject and keywords:

Teoria gier Nash equilibrium Policy-mix Game theory Pareto optimality Pareto-optymalność Decision analysis Analiza decyzji Economic modeling Modelowanie ekonomiczne

Object collections:

Last modified:

Oct 19, 2021

In our library since:

Oct 28, 2020

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All available object's versions:

https://rcin.org.pl./publication/180398

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Raporty Badawcze

Edition name	Date
RB-2017-33 : Kruś Lech Stanisław, Woroniecka-Leciejewicz Irena : Alternative policies mixed for Poland analyzed with the use of game methods	Oct 19, 2021