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Unemployment and Inflation in Economic Crises

  • Book
  • © 2012

Overview

  • A series of basic, intermediate, and more advanced models help the reader to understand and proceed quickly

  • The investigation covers demand shocks, supply shocks, and mixed shocks The analysis includes country-specific shocks and common shocks

  • Includes supplementary material: sn.pub/extras

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Table of contents (18 chapters)

  1. Monetary Interaction between Europe and America

  2. Monetary Cooperation between Europe and America

  3. Fiscal Interaction between Europe and America

  4. Fiscal Cooperation between Europe and America

  5. Monetary and Fiscal Interaction between Europe and America: Cold-Turkey Policies

  6. Monetary and Fiscal Interaction between Europe and America: Gradualist Policies

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About this book

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and European government purchases. These monetary and fiscal interactions would have no effects on the American economy. Second, it examines the scenario of a supply shock in Europe, in which monetary and fiscal interactions would have no effects on European unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the European money supply. Monetary and fiscal interactions would produce uniform oscillations in American unemployment and American inflation. Lastly, we would also see an implosion of both the American money supply and American government purchases.

Authors and Affiliations

  • Universität der Bundeswehr Hamburg, FB Wirtsch.-u.Organisationswissensch., Helmut-Schmidt-Universität, Hamburg, Germany

    Michael Carlberg

About the author

Michael Carlberg is Professor at Helmut Schmidt University in Hamburg, Germany. His research is on Macroeconomics, Monetary Economics, and International Economics.

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