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Policy Competition and Policy Cooperation in a Monetary Union (Hardcover, 2004 ed.)
Loot Price: R3,204
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Policy Competition and Policy Cooperation in a Monetary Union (Hardcover, 2004 ed.)
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European monetary unification seems to be one of the most important
events in international monetary affairs since the breakdown of
Bretton Woods. It pos es a major challenge to central banks,
governments, and labour unions. It opens up new fields of economic
research that are both intriguing and fascinating. European
Monetary Union amounts to a switch of regime. Surely the Mundell
Fleming model of the open economy does no longer apply to Germany
or France. The effects of shocks and policies on output and prices
should have changed dramatically in size. Some of them should even
work in the opposite direction now. The present book is part of a
larger research project on monetary union, see Carlberg (1999,
2000, 2001, 2002, 2003). Some parts of this project were presented
at the World Congress of the International Economic Association in
Lisbon. Other parts were presented at the Macro Study Group of the
German Economic Association, at the Annual Meeting of the Austrian
Economic Association in Klagenfurt, at the Pass au Workshop on
International Economics, at the Halle Workshop on Monetary
Economics, and at the Research Seminar on Macroeconomics in
Freiburg. Moreover, book reviews were published in the Economic
Journal, Kyklos, the Journal of Economics, and the Journal of
Economics and Statistics."
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