Economic Policy in a Monetary Union / Edition 1

Economic Policy in a Monetary Union / Edition 1

by Michael Carlberg, M. Carlberg
     
 

ISBN-10: 3540675582

ISBN-13: 9783540675587

Pub. Date: 09/15/2000

Publisher: Springer Berlin Heidelberg

The book explores the scope and limits of macroeconomic policy in a mo netary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, nat ional governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. The book develops a series of basic , intermediate

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Overview

The book explores the scope and limits of macroeconomic policy in a mo netary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, nat ional governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. The book develops a series of basic , intermediate, and advanced models. The monetary union is an open eco nomy with high capital mobility. The exchange rate between the monetar y union and the rest of the world is floating. The world interest rate can be exogenous or endogenous. The union countries may differ in mon ey demand, consumption, imports, openness, or size. A striking feature is the numerical estimation of policy multipliers. A number of diagra ms serve to illustrate the subject in hand.

Product Details

ISBN-13:
9783540675587
Publisher:
Springer Berlin Heidelberg
Publication date:
09/15/2000
Edition description:
2000
Pages:
292
Product dimensions:
6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

Basic Models: The Small Country in the Large Union.- The Small Union as a Whole.- The Small Union of Two Countries.- The Small Country in the Large Union: Wage Shocks.- Flexible Wages.- The Small Union: The Small Union as a Whole.- The Small Union of Two Countries.- The Small Union of Three Countries.- The Small Union of n Countries.- The Large Union: The World as a Whole.- The World of Two Regions.- The World of Three Regions.- The World of Four Regions.- The World of n Regions.- The Small Country in the Large Union.- The Large Union of Two Countries.- Synopsis.- Conclusion.- Result.- References.

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