Dynamic Policy Interactions in a Monetary Union (Hardcover, 2011)

This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Release date:	February 2011
First published:	2011
Authors:	Michael Carlberg
Dimensions:	235 x 155 x 20mm (L x W x T)
Format:	Hardcover
Pages:	347
Edition:	2011
ISBN-13:	978-3-642-18227-3
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > Labour economics > General Books > Business & Economics > Economics > International economics > General
LSN:	3-642-18227-5
Barcode:	9783642182273

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