Macroeconomics of Monetary Union

  • MichaelĀ Carlberg

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Introduction

    1. Pages 1-8
  3. Monetary and Fiscal Policies Basic Models

  4. Monetary and Fiscal Policies Intermediate Models

  5. Monetary and Fiscal Policies The Case of Three Countries

  6. Monetary and Wage Policies Basic Models

    1. Front Matter
      Pages 117-117

About this book

Introduction

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.   

Keywords

Euro European Monetary Union Fiscal Policy International Policy Coordination Macroeconomics Monetary Policy Monetary Union Simulation Unions Wage Policy

Authors and affiliations

  • MichaelĀ Carlberg
    • 1
  1. 1.Helmut Schmidt UniversityFederal University of HamburgHamburgGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-73633-2
  • Copyright Information Springer-Verlag Berlin Heidelberg 2007
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-73632-5
  • Online ISBN 978-3-540-73633-2