Item description for An Economic Analysis of Monetary Union by Michael Carlberg...
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?
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Est. Packaging Dimensions: Length: 9.4" Width: 6.3" Height: 0.8" Weight: 1.15 lbs.
Release Date Jun 15, 2001
ISBN 3540420452 ISBN13 9783540420453
Availability 120 units. Availability accurate as of Jan 19, 2017 05:18.
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More About Michael Carlberg
Michael Carlberg currently resides in Hamburg. Michael Carlberg was born in 1962 and has an academic affiliation as follows - University of Hamburg.