Chapter 1 Fiscal Interaction: The Model

  • Michael Carlberg
Chapter

Abstract

1) The static model. The world economy consists of two monetary regions, say Europe and America. The monetary regions are the same size and have the same behavioural functions. The target of the European government is zero unemployment in Europe. And the target of the American government is zero unemployment in America.

Keywords

Positive Function Fiscal Policy Spillover Effect Reaction Function Demand Shock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

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

Personalised recommendations