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An Economic Analysis of Monetary Union by Michael Carlberg (2010, Trade Paperback)

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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 Rubel, Wolf Schafer, Michael Schmid, and Artur Woll. In addition, Michael Brauninger 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.

Product Identifiers

Publisher
Springer Berlin / Heidelberg
ISBN-10
3642075568
ISBN-13
9783642075568
eBay Product ID (ePID)
99484559

Product Key Features

Author
Michael Carlberg
Publication Name
Economic Analysis of Monetary Union
Format
Trade Paperback
Language
English
Publication Year
2010
Type
Textbook
Number of Pages
Xv, 256 Pages

Dimensions

Item Length
9.3in
Item Width
6.1in
Item Weight
16 Oz

Additional Product Features

Number of Volumes
1 Vol.
Lc Classification Number
Hb172.5
Table of Content
One. The Small Union as a Whole.- 1. Fixed Money Wages.- 2. Flexible Money Wages.- 3. Slow Money Wages.- Two. The Small Union of Two Countries.- 1. Fixed Money Wages.- 2. Flexible Money Wages.- 3. Fixed Money Wages in Germany, Flexible Money Wages in France.- 4. Slow Money Wages.- 5. Different Behavioural Functions.- Three. The World as a Whole.- 1. Fixed Money Wages.- 2. Flexible Money Wages.- Four. The World of Two Regions.- 1. Fixed Money Wages.- 2. Flexible Money Wages.- 3. Fixed Money Wages in Europe, Flexible Money Wages in America.- Conclusion.- 1. The Small Union as a Whole.- 2. The Small Union of Two Countries.- 3. The World as a Whole.- 4. The World of Two Regions.- Result.- 1. The Small Union as a Whole.- 2. The Small Union of Two Countries.- 3. The World of Two Regions.- Symbols.- Brief Survey of the Literature.- References.
Copyright Date
2001
Topic
Economics / Macroeconomics, International / General, Money & Monetary Policy
Dewey Decimal
332.4/566/094
Intended Audience
Scholarly & Professional
Dewey Edition
21
Illustrated
Yes
Genre
Business & Economics

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An Economic Analysis of Monetary Union by Michael Carlberg (2010, Trade Paperback)

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