Chapter 1 Monetary and Fiscal Cooperation: The Model

  • Michael Carlberg


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 targets of policy cooperation are zero inflation in Europe, zero inflation in America, zero unemployment in Europe, and zero unemployment in America.


Monetary Policy Loss Function Central Bank Fiscal Policy Spillover Effect 
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