Abstract
1) The static model. 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 target of the European government is zero unemployment in Europe. And the target of the American government is zero unemployment in America.
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© 2012 Springer-Verlag Berlin Heidelberg
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Carlberg, M. (2012). Chapter 1 Fiscal Interaction: The Model. In: Unemployment and Inflation in Economic Crises. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28018-4_8
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DOI: https://doi.org/10.1007/978-3-642-28018-4_8
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Publisher Name: Springer, Berlin, Heidelberg
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Online ISBN: 978-3-642-28018-4
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