@misc{Woroniecka-Leciejewicz_Irena_Optimum_2014,
 author={Woroniecka-Leciejewicz, Irena},
 copyright={Creative Commons Attribution BY 4.0 license},
 address={Warszawa},
 journal={Raport Badawczy = Research Report},
 howpublished={online},
 year={2014},
 publisher={Instytut Badań Systemowych. Polska Akademia Nauk},
 publisher={Systems Research Institute. Polish Academy of Sciences},
 language={eng},
 abstract={The paper presents the results from the simulation analysis of the policy-mix, carried out for the fiscal-monetary game, in which the fiscal and the monetary authorities take decisions on the choice of the optimum strategy from the point of view of realization of their respective economic objectives. In order to represent the interrelations between, on the one hand, the instruments of fiscal policy and of the monetary policy, and, on the other hand - the economic effects resulting from their application, a modified logistic function was used. The study method adopted allows for consideration of the specificity of the effects from these instruments on business cycle, consisting in the limited effectiveness of applying the extreme restrictive and extreme expansive policies, and the respective impact on the economy.},
 title={Optimum Strategies in a fiscal-monetary game.Simulation Analysis},
 type={Text},
 URL={http://rcin.org.pl/Content/144818/PDF/RB-2014-42.pdf},
 keywords={Polityka pieniężna, Fiscal-monetary game, Nash equilibrium, Gra fiskalno-pieniężna, Policy-mix, Fiscal policy, Monetary policy, Polityka fiskalna},
}