{"id":112098,"date":"2024-01-22T17:29:03","date_gmt":"2024-01-22T16:29:03","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112098\/"},"modified":"2025-10-22T21:46:40","modified_gmt":"2025-10-22T19:46:40","slug":"fiscal-monetary-policy-coordination-and-debt-management-a-two-stage-analysis","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112098\/","title":{"rendered":"Fiscal-monetary Policy Coordination and Debt Management: A Two-stage Analysis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112098","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We study interactions between two policymakers, central bank and government, in managing public debt as the result of a two-stage game. In the first stage, the institutional regime is established. This determines the equilibrium solution for the second stage, in which a differential game is played between the two policymakers. It is shown that, if the policymakers can communicate before the game is played (multiple-equilibrium), coordination problems can be solved by using the concept of correlated equilibrium.","onlinedate":"2008-07-01 02:00:00","lang":"English","publication_series":"","publication_date":"20080701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Coordination\",\"Correlated equilibrium\",\"Debt\",\"Differential games\",\"Monetary and fiscal policies\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"35","monthly_report_pages":"433-448","monthly_report_pages_sort":"433","issue":"4","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[12649,14195],"persons_data":"[{\"personId\":12649,\"personName\":\"Giovanni Di Bartolomeo\",\"organisationNames\":[]},{\"personId\":14195,\"personName\":\"Debora Di Gioacchino\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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