• Michael Carlberg


This book studies the interactions between monetary and fiscal policies in a world economy. Here the focus is on a dynamic analysis. The world economy consists of two monetary regions, say Europe and America. The policy makers are the European central bank, the American central bank, the European government, and the American government. The central banks are independent. There is a short-run trade-off between unemployment and inflation. In other words, there is a short-run Phillips curve.


Monetary Policy Central Bank Fiscal Policy Money Supply European Central Bank 
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.


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