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An Economic Analysis of Monetary Union: With 21 Figures and 22 Tables - Couverture rigide

Carlberg, Michael

 
9783540420453: An Economic Analysis of Monetary Union: With 21 Figures and 22 Tables
Couverture rigide
ISBN 10 : 3540420452 ISBN 13 : 9783540420453
Editeur : Springer-Verlag Berlin and Heidelberg GmbH & Co. K, 2001

Synopsis

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? The present book is part of a larger research project on monetary union, see Carlberg (1999, 2000). Over the years, in working on this project, I have benefited from comments by lain Begg, Christopher Bliss, Michael Cyrus, Johannes Hackmann, Bemd Hayo, Jay H. Levin, Jochen Michaelis, Franco Reither, Gerhard Rübel, Wolf Schäfer, Michael Schmid, and Artur Woll. In addition, Michael Bräuninger and Alkis Otto carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I would like to thank all of them. March 2001 Michael Carlberg Executive Summary 1) The small monetary union as a whole. First consider monetary policy.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de la quatrième de couverture

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? The present book is part of a larger research project on monetary union, see Carlberg (1999, 2000). Over the years, in working on this project, I have benefited from comments by lain Begg, Christopher Bliss, Michael Cyrus, Johannes Hackmann, Bemd Hayo, Jay H. Levin, Jochen Michaelis, Franco Reither, Gerhard Rübel, Wolf Schäfer, Michael Schmid, and Artur Woll. In addition, Michael Bräuninger and Alkis Otto carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I would like to thank all of them. March 2001 Michael Carlberg Executive Summary 1) The small monetary union as a whole. First consider monetary policy.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Date d'édition
2001
Langue
anglais
ISBN 10 
3540420452
ISBN 13 
9783540420453
Reliure
Relié
Nombre de pages
255
Coordonnées du fabricant
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