Abstract
The static model. The monetary union consists of two countries, say Germany and France. The member countries are the same size and have the same behavioural functions. This chapter is based on target system A. The targets of the European central bank are zero inflation in Germany and France respectively. The target of the German government is zero unemployment in Germany. And the target of the French government is zero unemployment in France.
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© 2011 Springer-Verlag Berlin Heidelberg
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Carlberg, M. (2011). The Model. In: Dynamic Policy Interactions in a Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-18228-0_20
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DOI: https://doi.org/10.1007/978-3-642-18228-0_20
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Publisher Name: Springer, Berlin, Heidelberg
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Online ISBN: 978-3-642-18228-0
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