Chapter 1 Monetary Cooperation: Case A

  • 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. This chapter is based on target system A. The targets of monetary cooperation are zero inflation in Europe and America.


Money Supply European Central Bank Demand Shock Total Increase Supply Shock 
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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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