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Titlebook: Macroeconomics of Monetary Union; Michael Carlberg Book 2007 Springer-Verlag Berlin Heidelberg 2007 Euro.European Monetary Union.Fiscal Po

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书目名称Macroeconomics of Monetary Union
编辑Michael Carlberg
视频videohttp://file.papertrans.cn/622/621030/621030.mp4
概述Provides readers with a practical grasp of the macroeconomic principles necessary to understand a monetary union.With numerical simulations of monetary policy, fiscal policy, and wage policy.Includes
图书封面Titlebook: Macroeconomics of Monetary Union;  Michael Carlberg Book 2007 Springer-Verlag Berlin Heidelberg 2007 Euro.European Monetary Union.Fiscal Po
描述This book, unlike other books, provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. By definition, a monetary union is a group of countries that share a common currency. The most important case in point is the euro area. Policy makers are the central bank, national governments, and national labour unions. Policy targets are price stability and full employment. Policy makers follow cold-turkey or gradualist strategies. Policy decisions are taken sequentially or simultaneously. The countries can differ in size or behaviour. Policy expectations are adaptive or rational. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy. The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the
出版日期Book 2007
关键词Euro; European Monetary Union; Fiscal Policy; International Policy Coordination; Macroeconomics; Monetary
版次1
doihttps://doi.org/10.1007/978-3-540-73633-2
isbn_softcover978-3-642-09279-4
isbn_ebook978-3-540-73633-2
copyrightSpringer-Verlag Berlin Heidelberg 2007
The information of publication is updating

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Competition between European Central Bank, German Government, and French Governmentases, A. is some other factors bearing on German output, A. is some other factors bearing on French output, α is the monetary policy multiplier, and β is the fiscal policy multiplier. The endogenous variables are German output and French output.
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