Item description for Policy Competition and Policy Cooperation in a Monetary Union by Michael Carlberg...
This book studies the interactions between monetary and fiscal policies in the Euro area. The policy makers are the union central bank, the German government, the French government and other governments. The policy targets are price stability in the union, full employment in Germany, full employment in France, etc. The policy instruments are union money supply, German government purchases, French government purchases, etc. As a rule, the spillovers of fiscal policy are negative. The policy makers follow either cold-turkey or gradualist strategies. The policy decisions are taken sequentially or simultaneously. Policy expectations are adaptive or rational. This book carefully discusses the case for central bank independence and fiscal cooperation.
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Est. Packaging Dimensions: Length: 9.37" Width: 6.22" Height: 0.87" Weight: 1.32 lbs.
Release Date Apr 14, 2004
ISBN 354020914X ISBN13 9783540209140
Availability 128 units. Availability accurate as of Oct 27, 2016 10:45.
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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.