Abstract
1) Introduction. We assume that the countries only differ in behavioural functions. To be more specific, we assume that the countries differ in monetary policy multipliers. In the numerical example, an increase in European money supply of 100 causes an increase in German output of 200 and an increase in French output of 100.
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© 2007 Springer-Verlag Berlin Heidelberg
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(2007). The Countries Differ in Behaviour. In: Macroeconomics of Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73633-2_10
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DOI: https://doi.org/10.1007/978-3-540-73633-2_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-73632-5
Online ISBN: 978-3-540-73633-2
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