Monetary and Fiscal Strategies in the World Economy / Edition 1
  • Monetary and Fiscal Strategies in the World Economy / Edition 1
  • Monetary and Fiscal Strategies in the World Economy / Edition 1

Monetary and Fiscal Strategies in the World Economy / Edition 1

by Michael Carlberg
     
 

ISBN-10: 3642104754

ISBN-13: 9783642104756

Pub. Date: 01/14/2010

Publisher: Springer Berlin Heidelberg

This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed

…  See more details below

Overview

This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.

Product Details

ISBN-13:
9783642104756
Publisher:
Springer Berlin Heidelberg
Publication date:
01/14/2010
Edition description:
2010
Pages:
306
Product dimensions:
6.30(w) x 9.20(h) x 1.00(d)

Table of Contents

The Closed Economy: Absence of a Deficit Target..- Monetary Policy.- Fiscal Policy.- Monetary and Fiscal Interaction.- Monetary and Fiscal Cooperation.- The Closed Economy: Presence of a Deficit Target.- Fiscal Policy.- Monetary and Fiscal Interaction.- Monetary and Fiscal Cooperation.- Monetary Policies in Europe and America.- Monetary Interaction between Europe and America: Case A.- Monetary Interaction between Europe and America: Case B.- Monetary Interaction between Europe and America: Case C.- Monetary Cooperation between Europe and America: Case A.- Monetary Cooperation between Europe and America: Case B.- Monetary Cooperation between Europe and America: Case C.- Fiscal Policies in Europe and America:Absence of a Deficit Target..- Fiscal Interaction between Europe and America.- Fiscal Cooperation between Europe and America.- Fiscal Policies in Europe and America: Presence of a Deficit Target.- Fiscal Interaction between Europe and America.- Fiscal Cooperation between Europe and America.- Monetary and Fiscal Policies in Europe and America:Absence of a Deficit Target.- Monetary and Fiscal Interaction between Europe and America.- Monetary and Fiscal Cooperation between Europe and America.- Monetary and Fiscal Policies in Europe and America:Presence of a Deficit Target.- Monetary and Fiscal Interaction between Europe and America: Case A.- Monetary and Fiscal Interaction between Europe and America: Case B.- Monetary and Fiscal Interaction between Europe and America: Case C.- Monetary and Fiscal Cooperation between Europe and America.- Cooperation within Regions, Interaction between Regions.

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >