Michael Carlberg
Macroeconomics of Monetary Union
Paperback Engels 2010 9783642092794
Verwachte levertijd ongeveer 9 werkdagen
Samenvatting
This is what we’ve all been waiting for – a book that demystifies the European community’s monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in point is the Euro area, where policy targets are price stability and full employment. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.
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Inhoudsopgave
Introduction.- Monetary and Fiscal Policies: Basic Models: Monetary Policy in Europe.- Fiscal Policies in Germany and France.- Competition between European Central Bank, German Government, and French Government.- Cooperation between European Central Bank, German Government, and French Government.- Monetary and Fiscal Policies: Intermediate Models: Simultaneous Decisions: Cold-Turkey Policies.- Simultaneous Decisions: Gradualist Policies.- Fiscal Shocks in Germany.- The Countries Differ in Size.- The Countries Differ in Behaviour.- Rational Policy Expectations.- Monetary and Fiscal Policies: The Case of Three Countries: Monetary Policy in Europe.- Fiscal Policies in Germany, France and Italy.- Monetary and Fiscal Competition.- Monetary and Fiscal Cooperation.- Monetary and Wage Policies: Basic Models: Wage Policies in Germany and France.- Competition between European Central Bank, German Labour Union, and French Labour Union.- Cooperation between European Central Bank, German Labour Union, and French Labour Union.- Monetary and Wage Policies: Intermediate Models.- Monetary and Wage Policies: The Case of Three Countries.- Monetary, Fiscal and Wage Policies.
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