Chapter 2 Monetary Interaction: Case B

  • Michael Carlberg
Chapter

Abstract

1) The static model. This chapter is based on target system B. The targets of the European central bank are zero inflation and zero unemployment in Europe. Correspondingly, the targets of the American central bank are zero inflation and zero unemployment in America.

Keywords

Monetary Policy Central Bank Money Supply European Central Bank Target Inflation 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Michael Carlberg
    • 1
  1. 1.Department of EconomicsHelmut Schmidt UniversityHamburgGermany

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