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Chapter 3 Monetary and Fiscal Interaction: Closing the Gaps by 75 Percent

  • Michael Carlberg
Chapter

Abstract

1) The static model is the same as before.

2) The dynamic model. The target of the European central bank is to cut European inflation by 75 percent. The target of the American central bank is to cut American inflation by 75 percent. The target of the European government is to cut European unemployment by 75 percent. And the target of the American government is to cut American unemployment by 75 percent.

Keywords

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.

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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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