Item description for Macroeconomics of Monetary Union by Michael Carlberg...
This book, unlike other books, provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. By definition, a monetary union is a group of countries that share a common currency. The most important case in point is the Euro area. Policy makers are the central bank, national governments, and national labour unions. Policy targets are price stability and full employment. Policy makers follow cold-turkey or gradualist strategies. Policy decisions are taken sequentially or simultaneously. The countries can differ in size or behaviour. Policy expectations are adaptive or rational. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.
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Est. Packaging Dimensions: Length: 9.3" Width: 6.1" Height: 0.9" Weight: 1.25 lbs.
Release Date Aug 17, 2007
ISBN 3540736328 ISBN13 9783540736325
Availability 117 units. Availability accurate as of May 23, 2017 08:41.
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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.