<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0188-3380</journal-id>
<journal-title><![CDATA[Economía: teoría y práctica]]></journal-title>
<abbrev-journal-title><![CDATA[Econ: teor. práct]]></abbrev-journal-title>
<issn>0188-3380</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, a través de la Unidad Iztapalapa, la Unidad Azcapotzalco y la Unidad Xochimilco, División de Ciencias Sociales]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0188-33802016000100169</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Coordinación de la política monetaria entre dos bancos centrales: un análisis de teoría de juegos]]></article-title>
<article-title xml:lang="en"><![CDATA[Monetary policy coordination between two central banks: An analysis of game theory]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Limas Maldonado]]></surname>
<given-names><![CDATA[Erick José]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Freie Universität Berlin  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Germany</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2016</year>
</pub-date>
<numero>44</numero>
<fpage>169</fpage>
<lpage>192</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0188-33802016000100169&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0188-33802016000100169&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0188-33802016000100169&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En este trabajo se analizan las condiciones bajo las cuales un país pequeño optaría por seguir un juego tipo Nash o uno de tipo Stackelberg. Para ello, se plantea un modelo de dos economías nacionales, con perturbaciones de oferta y demanda, en el cual el banco central de cada país tiene la tasa de interés como instrumento de política. Se muestra que, ante perturbaciones de la oferta, para el país pequeño es preferible la solución de Stackelberg, mientras que, si las perturbaciones son de la demanda, la solución preferible es la de Nash. Así, el punto clave sería determinar si las perturbaciones están induciendo o no un dilema en la función objetivo del banco central.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper analyzes the conditions under which a small country would opt to follow a Nash-style or a Stackelberg-style game. This poses a two-country model with supply and demand shocks, where interest rate is the central banks' instrument. The article shows that if there are supply shocks, Stackelberg's solution is more suitable for a small country; whereas that in case of demand shocks, the preferred solution is Nash's. Thus, the key point is to determine whether or not perturbations are inducing a trade-off in the central bank's objective function.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[bancos centrales]]></kwd>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[coordinación]]></kwd>
<kwd lng="es"><![CDATA[Nash]]></kwd>
<kwd lng="es"><![CDATA[Stackelberg]]></kwd>
<kwd lng="es"><![CDATA[teoría de juegos]]></kwd>
<kwd lng="en"><![CDATA[central banks]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[coordination]]></kwd>
<kwd lng="en"><![CDATA[Nash]]></kwd>
<kwd lng="en"><![CDATA[Stackelberg]]></kwd>
<kwd lng="en"><![CDATA[game theory]]></kwd>
</kwd-group>
</article-meta>
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<publisher-name><![CDATA[Princeton University]]></publisher-name>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
