An Economic Analysis of Monetary Union (Hardcover, 2001 ed.)

This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible wages can coexist. Take for instance fixed wages in Germany and flexible wages in France. Or take fixed wages in Europe and flexible wages in America. A special feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disinflation. Take for instance inflation in Germany and price stability in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Release date:	2001
First published:	2001
Authors:	Michael Carlberg
Dimensions:	235 x 155 x 17mm (L x W x T)
Format:	Hardcover
Pages:	256
Edition:	2001 ed.
ISBN-13:	978-3-540-42045-3
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > General
LSN:	3-540-42045-2
Barcode:	9783540420453

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