Torbati, A.S. and Chakoli, A.N. (2013) Empirical Examination of Lotka’s Law for Applied Mathematics. Life Science Journal, 10, 601-607.

has been cited by the following article:

• TITLE: Applied Mathematical Theory for Monetary-Fiscal Interaction in a Supranational Monetary Union

  AUTHORS: Bodo Herzog

  KEYWORDS: Differential Equations, Monetary-Fiscal Interaction, Monetary Union Theory

  JOURNAL NAME: Journal of Applied Mathematics and Physics, Vol.2 No.8, June 27, 2014

  ABSTRACT: I utilize a differentiable dynamical system á la Lotka-Voletrra and explain monetary and fiscal interaction in a supranational monetary union. The paper demonstrates an applied mathematical approach that provides useful insights about the interaction mechanisms in theoretical economics in general and a monetary union in particular. I find that a common central bank is necessary but not sufficient to tackle the new interaction problems in a supranational monetary union, such as the free-riding behaviour of fiscal policies. Moreover, I show that supranational institutions, rules or laws are essential to mitigate violations of decentralized fiscal policies.