This book presents articles that focus on the inter-related issues
of choice of exchange rate and monetary policy regimes, and others
that use a global macroeconomic model developed by the author and
collaborators to quantify the effects of the 'baby boom' on global
imbalances, costs of disinflation, and the effects of German
unification. The book presents new analysis of the euro-zone
experience and its applicability to other monetary unions, as well
as a discussion of the prerequisites for successful inflation
targeting. It is grounded in real-world data, readily accessible to
non-specialists, and addresses important economic policy issues.
General
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